Price analysis 4/6: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

[crypto samuel]

Bitcoin (BTC), the entire crypto sector and the S&P 500 index are correcting on April 6, which highlights the tight correlation between the two sectors.

Despite the weakness, institutional investors do not seem to be halting their purchases, suggesting that they remain bullish in the long term. Terra used the dip to buy an additional 5,040 Bitcoin, which takes its total holdings to 35,768 Bitcoin.

Terra was not alone in this venture. MicroStrategy, the treasury with the largest Bitcoin reserves, also increased its holdings by 4,197 Bitcoin through its subsidiary MacroStrategy. After the latest purchase, the business intelligence firm holds 129,218 Bitcoin.

[TomPluz]

I always love hearing MicroStategy taking in more Bitcoin when there is a dip...seems to me that this has become the main strategy of this firm and I am sure that soon it would see its crypto holding rises in value by a lot of margin making it very profitable. Of course, there are many others even unknown who are staking their presence in Bitcoin and this kind of force has been showing and translated into a strong grip of BTC in the $40K vicinity. I am expecting that in May there can be a modest bull run for the crypto industry and Bitcoin can then be able to get over the $50K zone. Reminder: NAFA.