Top crypto news headlines today: Bitcoin crashes below $98k, Microstrategy acquires 10k BTC, Ethereum Foundation sold 100 ETH, Arthur Hayes predicts big BTC correction
Today, Bitcoin trade price crashed below the $98k level, causing the liquidation of $259 million for only Bitcoin short & long-term position holders. Standard Chartered Bank analysts suggested people to “buy the dip”.
Donald Trump’s Crypto Czar, David Sacks, compared meme tokens with NFTs & baseball cards. In particular, Sacks defended the $TRUMP meme token by calling it a collectible.
Microstrategy purchased 10,107 BTC at the trade price of $101k. Also, this business intelligence firm announced that it will sell the company’s other significant asset holdings to purchase Bitcoin.
Top financial expert Robert Kiyosaki said that “billions will leave the stock and bond markets and rush into Bitcoin”. Kiyosaki also said that the value of 1 Satoshi, the smallest unit of Bitcoin, will make the investors rich.
Ethereum Foundation sold 100 ETH at an average price of $3,078 in exchange for 307,893 DAI. In the last 25 days, this foundation sold 300 ETH, raising the eyebrows of top ETH coin investors, as these sale activities were against Vitalik Buterin’s past statements.
Russia’s state-owned power grid company, Rosseti, announced its plan to start its Bitcoin mining operations to use its idle power & boost the company’s revenue.
Popular crypto entrepreneur & founder of Bitmex crypto exchange Arthur Hayes said that Bitcoin might face a significant short-term downfall from the current level to the $70k level but simultaneously predicted that it may surge up to $250k by the end of the year.
Read also: Ethereum Foundation (EF) Leadership in question! Ethereum ($ETH) Struggles to See Price Growth
