Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
10x Research: MicroStrategy's stock price hits a new high, key catalysts in the next 8 weeks may drive Bitcoin to rise

10x Research: MicroStrategy's stock price hits a new high, key catalysts in the next 8 weeks may drive Bitcoin to rise

Bitget2024/10/14 03:45

According to 10x Research on X, MicroStrategy's stock price has risen by 16% in the past week, with its market value soaring to $43 billion, setting a new historical high. Analysts pointed out that the performance of MicroStrategy's stocks could positively impact Bitcoin prices, especially considering the expectations for several key catalysts in the next eight weeks. These catalysts include potential changes in market momentum and possible better-than-expected company performance which may create a "tail wagging the dog" situation where company stock performance drives up cryptocurrency markets. Furthermore, despite Bitcoin miners' income growth expectations not meeting market predictions, momentum continues providing more investment opportunities for the crypto market.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!