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Crypto Markets Turn Red Despite BoE’s Interest Rate Cut and Donald Trump’s Reaffirmed BTC Support: This Week’s Crypto Recap

All eyes in the cryptocurrency community were on the Bitcoin Conference in Nashville last weekend as the former US president and current Republican candidate, Donald Trump, was expected to appear. Once he took the stage, the crypto markets went on a wild rollercoaster with tons of volatility due to some of his promises, such as to make the US the ‘digital asset capital of the world’ as well as to remove SEC Chair Gary Gensler from his post immediately after retaking the...

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MicroStrategy Adds 169 BTC to Holdings, Unveils New ‘Bitcoin Yield’ KPI

On August 1, MicroStrategy founder Michael Saylor announced that in July, the firm acquired an additional 169 BTC for $11.4 million and now holds a total of 226,500 BTC. The company continues to focus on its bitcoin acquisition strategy. However, it faced significant impairment losses due to BTC price fluctuations, resulting in a second consecutive quarterly loss. The world’s largest corporate holder of BTC now has $14.6 billion worth at current spot prices, and it wants...

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