#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
💬 Do you think Bitcoin will become a new norm for corporate asset allocation? How might this impact Bitcoin’s price? What’s your recent BTC trading strategy? Post to share your price predictions, market analysis, and strategies with us using the topic tag!
🎁 Meanwhile, Gate’s BTC Staking event is in full swing! Simply stake your BTC and earn up to 3% APY. Click the link to start staking and enjoy your earnings: https://ww
BTC:
Recently, in the range of 64000-59059, the bulls launched the first wave of rebound and hit a new high of 68240. Judging by the small pullback starting at 68240, as long as it can stand above 68240 again, the bulls may concentrate their forces again, triggering a larger rally.
Overall, it is still regarded as an hourly correction and has not triggered a turning point on the daily level, so there is still no bearish stance on BTC.
ETH:
Compared to Bitcoin, Ethereum has fallen more and rebounded more. This shows that after the fall, there are still many people who have confidence in Ethereum, believing that Ethereum is more volatile than Bitcoin. So let's be honest and say that it's time to pay proper attention to Ethereum. This rally formed an uptrend with a high bottom low and a high top high earlier than Bitcoin.
Focus on strength at 3397, above this level means strong, below means weak. At the same time, it is necessary to pay attention to the bullish lifeline at 3140, if it falls below this level, Ethereum may continue to weaken the Bitcoin market, so it is recommended to choose to hold Bitcoin more prudently.
SOL:
SOL has been showing an overly strong trend and has not given the best chance of re-entry. For investors who already hold spot positions, don't leave the market easily. The 20 moving average on the daily line is around 160, and the ideal receiving range should be between 126-96.
AVAX:
AVAX is currently quietly showing strength, and the 47-52 support we mentioned earlier remains in effect for the time being. It is advisable to observe more, if Bitcoin or Ethereum can continue to lead the market today, then AVAX is likely to perform well in the future.