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Time To Sell XRP?
The corporate Bitcoin race is heating up.
Welcome back to the Daily Coinsauce Newsletter! Let’s dive into today’s updates—there’s a lot to unpack!
💧Top headlines from the last 24 hours:
• Microstrategy makes it biggest ever BTC purchase.
• XRP hits a 3 year high.
📕Educational :
• Altcoin trading volumes surge to multi-year highs.
Lets dive in.
📅 Today
Microstrategy Can’t Be Stopped ❗️
Michael Saylor has revealed that MicroStrategy has acquired 51,780 BTC for $4.6 billion at $88,627 per Bitcoin and has achieved $BTC Yield of 41.8% YTD.
This is the largest Bitcoin purchase ever made by the company till date. They plan to raise atleast another $37.4 billion to buy more BTC in the next 2 years.
Currently, the company holds 331,200 $BTC acquired for $16.5 billion at $49,874 per bitcoin.
In the past week MicroStrategy acquired 5x the amount of Bitcoin that Coinbase acquired in 12+ years.
In the last 24 hours,
MicroStrategy buys another 51,780 BTC for $4.6B
MARA announces $700 million convert to acquire more BTC
Semler Scientific raises $21mm ATM and acquires 215 BTC
Metaplanet issues ¥1.75B debt offering to buy more BTC
The corporate Bitcoin race is heating up.
Time to Sell XRP?
XRP Hits Highest Weekly Close in Three Years
XRP surged 105% this past week, surpassing $1 and pushing its market cap above $65 billion—the highest in three years.
If you don’t hold XRP, now isn’t the time to FOMO in. Profits from XRP will likely flow into smaller altcoins soon, driving them up. A smarter move is to look for undervalued alts that haven’t surged yet instead of chasing XRP.
Luckily, we are providing our premium members with 5 alts that we believe are undervalued and could 5-10x easily in the next 6-8 months. Click the link here to join our premium group to get access to our trading signals, and spot altcoin calls now!
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🌎 Other News
Andrew Tate to buy 1 million worth $BTC alongside Microstrategy. Read more
Russia proposes 15% tax on crypto mining and trading. Read more
Trump Media Company looks to acquire Bakkt. Read more
Microstrategy plans $1.75 billion offering to buy more BTC. Read more
VanEck predicts wave of Solana ETF’s post elections. Read more
📕 Educational
Altcoin trading volume has surged past $300 billion for the first time since 2021.
Bitcoin dominance has also hit weekly volume surges not seen since 2021.
These surges typically coincide with the primary trend of dominance reversing.
In this case, this means the uptrend could be coming to an end in the coming few weeks.
The best thing to do now would be to be exposed to undervalued altcoins (which have not pumped yet) in the spot market.
Things could get heated fast & soon!
📊 Stat of the day
🤣 Meme of the day
That concludes our update for today!
We appreciate you joining us for the latest news. We aim to provide the best-in-class insights and highlights that keep you well-informed and ready.
Remember to join us on Telegram and Twitter for additional updates and giveaways. Until then, see you next time!
Disclaimer: None of the content shared in the newsletter is financial advice. Always do your own research and analysis before investing.
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