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- #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!
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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
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Altcoin Insights Analysis
The exact timing of the current altcoin season. In fact, altcoin season has already begun. Many altcoins can be seen performing very well. Looking at the statistics on altcoin positioning on TradingView, you can see that the market capitalization has rebounded by more than 0.618. In my opinion, there is a high probability that the altcoin market cap will exceed $366 billion. Once this is breached, it will trigger the next wave of altcoins.
However, not every altcoin will go up. In this bull run, only those strong altcoins will perform well, which can be found through technical analysis, such as BCH. As we shared the other day, BCH is also doing well. Yesterday, it tested its highest price at $510. A successful breakout of this previous high from the medium-term level would put it at $580 just around the corner.