BTC On-Chain Analysis: SOPR Indicates Market is at a Turning Point – BeInCrypto

A look at on-chain indicators, more specifically Spent Output Profit Ratio (SOPR), in order to determine the overall state of the current market.
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SOPR has fallen substantially below the 1 line for a prolonged length of time.

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MicroStrategy Now Holds Over 100K in BTC Following 13,005 BTC Purchase – BeInCrypto

MicroStrategy has made good on its promise to use the funds raised by selling $500 million in senior secured notes. 
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The Business intelligence company now owns more than 100,000 Bitcoins worth upwards of $3 billion according to the official announcement.

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Bitcoin Dominance Continues Ascent Towards 50% – BeInCrypto

The Bitcoin dominance rate (BTCD) has been increasing since May 19 and is approaching a crucial resistance line.
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Short- and medium-term technical indicators are bullish, supporting the possibility that BTCD will reach the resistance line.

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Bitcoin Leads in $1 Billion 24-Hour Liquidation Pile-Up – BeInCrypto

Bitcoin (BTC) heads up a huge liquidations pile-up as recorded on Bybt. At the time of press, the trading information platform recorded well over $1 billion liquidated in 24 hours across exchanges.
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Over $96 million worth of liquidations happened in the last hour.

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Stock to Flow Analysis: Worst Case Scenario Could See $135K BTC by December – BeInCrypto

Worst case price prediction for bitcoin using the stock to flow analysis could see bitcoin hitting $135,000 by December 2021 according to PlanB
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Popular crypto analyst PlanB has outlined the potentially bearish situation for bitcoin over the course of 2021.

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One of North America’s Biggest Miners Harnesses Flare Gas Energy – BeInCrypto

Amid the ongoing debate surrounding the environmental impact of bitcoin (BTC) mining, light has fallen on Denver-based operation Crusoe Energy. A company that uses energy from flare gas to mine BTC.

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Nexo Co-Founder Calls for $100k BTC Price Target – BeInCrypto

Co-founder of Nexo, Antoni Trenchev expects BTC to head towards $100,000 as crypto adoption grows.
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Trenchev was speaking to Bloomberg about his opinion on the current market. The Nexo co-founder commented on the current state of affairs.

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Saylor Compares BTC to Early Apple: ‘No One Can Stop, and Few Understand’ – BeInCrypto

MicroStrategy CEO Michael Saylor has compared his early backing of Apple to that of bitcoin, calling the crypto “a dominant monetary network that everyone needs.”
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The bitcoin maximalist recently tweeted about an old video that surfaced.

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Canadian Elite Basketball League Offers BTC as Salary Payment to Players – BeInCrypto

The Canadian Elite Basketball League (CEBL) has announced that players now have the option to be paid in Bitcoin.
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The announcement from the CEBL marks the first time that a North American professional sports league to off Bitcoin as an option for salary payments.

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