Strategy buys $255M more bitcoin as prices trade near 12-wk high
Time to get a check on cryptocurrencies brought to you by the National Cryptocurrency Association. Bitcoin not much change today, but it is trading near a 12 week high. There you have the intraday chart. Let's pull it back to look at the longer term here and this breakout that we have been continuing to talk about and watch, um very closely. So, 78,000 is where we are here. So pressing a little bit higher. We'll see if they can hold, can hold above that level. And then if you look at crypto stocks, it's Monday, which means we got the latest from strategy, buying another 255 million worth of Bitcoin, not funding it with its stretch yield product as it has been as of late, but uh buying it. and you can see that stock is up about 2%. We're going to start to hear from some of these other companies over the next couple of weeks. Coinbase, for example, uh is reporting its earnings on May 7th. So we'll keep an eye out for that.
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