And the winner of the day is...
Source: Bitcoin Archive
🚨 US ELECTION UPDATE >>> The "Trump trade" took a hit yesterdy (see bitcoin now trading below $70k).
One of the reasons could be this: Yesterday saw a big jump in Kamala's Michigan odds where she is again back on top; Wisconsin is also on the cusp of going back blue. After Trump had a comfortable lead in all swing states over the past week (he still leads comfortably in AZ, NC, PA, NV, GA) there has been a reversal in MI and WI. Thuis makes the race tighter hence some profit taking. Source: zerohedge
MicroStrategy just unveiled its bold new "21/21 Plan" to raise $42 billion in capital over the next 3 years.
The strategy includes $21 billion from equity and $21 billion from fixed income. With this capital injection, MicroStrategy aims to boost its Bitcoin holdings and enhance BTC yield, solidifying its commitment to Bitcoin as a core treasury reserve asset.
JUST IN: US Bitcoin ETFs now hold over 1 million BTC
Source: Bitcoin magazine on X
Eric Balchunas on X:
"$IBIT iShares Bitcoin ETF traded $3.3b today, biggest number in 6 months, which is a bit odd because $BTC was up 4% (typically ETF volume spikes in a downturn/crisis). Occasionally though volume can spike if there a FOMO-ing frenzy (a la $ARKK in 2020)". Given the surge in price past few days, his guess is this is latter, which means that inflows could be even bigger this week. Source: Eric Balchunas on X, Bloomberg
Walking into work this morning with $BTC trading above $71,000
Source: Trend Spider
👉 JUST IN: Microsoft asks shareholders to vote on whether to consider investing in Bitcoin!
Source: Swan on X
Bitcoin ETFs have crossed $20b in total net flows (the most important number, most difficult metric to grow in ETF world) for first time after huge week of $1.5b.
For context, it took gold ETFs about 5 years to reach same number. Total assets now $65b, also a high water mark. Source: Eric Balchunas, Bloomberg
