6-20
Bitcoin rises 1.64% to $63,629 as traders focus on the $64,000 breakout level
Bitcoin was trading at $63,629, up 1.64% over the past 24 hours, as it held a recovery range after falling from roughly $81,600 to a low near $59,100. On the daily chart, the rebound from about $59,000 has formed a series of higher lows. Price action has since tightened into a consolidation band around $63,000 to $64,000. Traders are watching whether bitcoin can push through $64,000 to confirm the next move.
BTC
BTC-2.93%
6-20
6-20
Grayscale’s Zach Pandl flags Strategy’s $1.5 billion annual dividend bill as a cash-flow strain
Strategy faces about $1.5 billion a year in preferred-stock dividends versus roughly $477 million in software revenue, creating a cash-flow gap that Grayscale research chief Zach Pandl describes as a financing issue rather than a bitcoin one. He said bitcoin generates no yield, leaving limited ways to meet coupon payments if prices fail to rise. Pandl made the comments in a podcast conversation with journalist Laura Shin.
BTC
BTC-2.93%
6-20