Thanks, Remy.
Here's a look at your Coin Street headlines.
Strategy bought $357 million worth of Bitcoin as the price dropped to $112,000.
Michael Saylor's strategy announced a $357 million Bitcoin purchase last week.
The acquisition bought Strategy's total Bitcoin holdings to $632 457 BTC, purchased for about $46.5 billion at an average price of $73,500. coin.
Well, David Bailey, entrepreneur and Bitcoin adviser to President Donald Trump, said there won't be another Bitcoin bear market for several years and a growing institutional interest in the crypto market.
But the four-year cycle says otherwise, and crypto analysts told Coin Telegraph that there are more than a few headwinds that could take the markets.
A multi-billionaire Bitcoin whale is closing has recently opened ether long positions and buying hundreds of millions of dollars' worth of spot ether, signaling that big investors. are expecting more upside from Ethereum.
Last week, a Bitcoin whale worth over 11 billion sold 22,700 Bitcoin, rotating those funds into 473,000 spot ether.
And then on Monday, the whale closed $450 million worth of his perpetual long position at an average ether price of 4,735 to lock in $33 million of profit before acquiring another 108 million worth of spot ether.
This is all according to the blockchain intelligence platform.
Look on chain.
Well, some tiny biotech companies are pursuing a new cure-all cryptocurrencies, with at least 10 biotechs announcing a pivot into digital assets this year.
According to Mike Taylor, the portfolio manager of the Simplify Healthcare ETF, Biotech executives are using digital coins to pump new life into flagging shares.
If crypto prices fall, the company's stock price could decline in tandem, and that is the latest Coin Street headlines.
