Bitcoin enters ‘Rektember’ as rate-hike risk combines with seasonality to threaten rally

Bitcoin has begun September slightly lower, falling 1% to below $78,000 as it enters what is commonly referred to as “Rektember.” Since 2013, September has been bitcoin’s worst-performing month on average, producing a loss of around 3% and only producing five positive monthly returns. However, the past three Septembers have all delivered gains, offering some […]

Critical Days Begin for Bitcoin! Wintermute Says “The Next Two Weeks Are Very Critical,” and Reveals the Price Levels He Expects! “Below This Is…

Bitcoin, the leading cryptocurrency, surged above $81,000 last week but retreated to around $78,000 following Federal Reserve Chairman Kevin Warsh’s hawkish speech in Jackson Hole. While $BTC has been trading near the $78,000 level for the past few days, Wintermute, a prominent market maker in the cryptocurrency market, has shared his current expectations. Accordingly, Wintermute […]

Strategy spends $635M buying back STRC as perpetual preferred stock lags $100 par

Strategy’s MSTR$128.78·收盘时 perpetual preferred stock, Stretch STRC$97.11·收盘时, continues to struggle to reach its $100 par value despite the company’s ongoing repurchase efforts. The bitcoin treasury company has now spent $635.2 million buying back STRC, which currently trades at $97.34. The company introduced a $1 billion repurchase authorization that has helped lift STRC from a low […]