Bitcoin Reclaims 365-Day Moving Average as Strategy Adds 950 BTC

NADA NEWS··USCN·Read original
3▲2 ▼0Impact / 5
Summary · why it matters

On September 21, Bitcoin reclaimed its 365-day moving average at around $83,000 and rose as high as $85,420 at one point. Expectations for U.S.-China talks ahead of President Xi Jinping's visit to the United States strengthened risk appetite, while a buildup of long positions against the backdrop of falling crude oil prices supported price action. In the derivatives market, Bitcoin open interest rose 9% to reach the $60 billion mark, with more than $5 billion in new futures contracts opened within 24 hours. Strategy added 950 BTC for $75.7 million, raising its holdings to 846,000 BTC, and bought back about $174 million worth of its STRC preferred stock. CryptoQuant CEO Ki Young Ju said that if Bitcoin can hold its 365-day moving average, it could draw buying from momentum traders and institutional investors.

Impact on assets 2

Digital Finance & Tokenization▲
MicroStrategy Incorporated
MSTR
▲ PositiveCapitalrelevance

Strategy added 950 BTC for $75.7 million, raising holdings to 846,000 BTC, and bought back about $174 million of its STRC preferred stock.

Others▲
Bitcoin
BTC-USD
▲ PositiveMonetaryrelevance

Bitcoin reclaimed its 365-day moving average near $83,000 as expectations for U.S.-China talks strengthened risk appetite and falling crude oil supported price action.

Off-coverage companies 1

CryptoQuanti
Private± Mixedrelevance