Bitcoin Price Ready To Skyrocket After MicroStrategy’s $500M Move To Buy BTC

Quick Summary:

Bitcoin price nearly breached the $70,000 resistance on Wednesday due to the momentum created by the US CPI data report.

According to the Bureau of Labor Statistics (LBS), inflation remained flat in May.

This implies a positive trend backed by favorable economic factors that continue to defy continuing geopolitical tensions in Europe due to the Russia-Ukraine war and in West Asia due to the Israel-Hamas war.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: John Isige

Category: Crypto

Markets: IndiaIsraelUkraine

Topics: Price Analysis Btc Bitcoin price Bitcoin Price Analysis Microstrategy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-13 @ 12:57:32 (3 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 460 words

Reading Time: 3 minutes read

Sentences: 40 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21245275

View Article Analysis

About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 39 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

Frequently Asked Questions