MicroStrategy appears to be holding the line on its bitcoin acquisition strategy, with one analyst saying the company’s repeat buys are one way to attract crypto investors to the stock despite “tepid” growth in its software business.
The Virginia-based business intelligence company said in a filing Friday it would sell up to $500 million in new shares, stating that it intends to use the net proceeds “for general corporate purposes, including the acquisition of bitcoin.”
MicroStrategy did not return a request for comment.
Madeline Hume, a senior research analyst at Morningstar, told Blockworks that MicroStrategy’s use of a common equity listing to raise capital suggests the firm believes its shares are overvalued relative to bitcoin. source

Traits inherent to Bitcoin create financial transparency — but with proper usage, Bitcoin users can retain the necessary privacy to preserve freedom.This is an opinion editorial by Kudzai Kutukwa, a passionate financial inclusion advocate who was recognized by Fast Company magazine as one of South Africa’s top-20 young entrepreneurs under 30.Privacy is an essential human right that is now being taken for granted. It’s not about having something to hide, but about exercising the power to selectively reveal yourself to the world and thus securing autonomy over your own life. Doors, locks, windows, safes and drapes are some of the devices we use in the physical realm to guard our privacy. Unfortunately we now live in a society in which privacy has been overcome by the compulsion for sharing and transparency. The internet in its current form is deficient in user privacy and was not developed with strong privacy protections from the onset. Our personal data is the “new oil” and is ripe for exploitation by the state, Big Tech and hackers. Sharing has become the default thanks to the availability of digital tools that allow one to share everything from precious moments to exact locations. source

Traders watch closely as BTC price presses at a long-term trendline resistance that has previously capped previous rallies. On Sept. 12, Bitcoin is doing Bitcoin things as usual. Since Sept. 9 the price has broken out nicely, booking a near 16% gain and rallying into the long-term descending trendline which appears to have resistance at $23,000. Perhaps BTC and the wider market are turning bullish ahead of the Ethereum Merge which is scheduled for Sept. 14, or maybe the elusive bottom is finally in. Weekly chart data from TradingView shows that on June 27 and Aug. 15, Bitcoin’s relative strength index had dropped to lows not seen since 2019. source

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of no link shorteningday. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.The last day of the week is about to be neutral for the cryptocurrency market as some coins keep rising while others have faced correction.
Read more on no link shorteningday https://no link shorteningday/ethereum-eth-price-analysis-for-september-11The rate of Ethereum (ETH) keeps rising, going up by almost 3% since yesterday.

Read more on no link shorteningday https://no link shorteningday/ethereum-eth-price-analysis-for-september-11On the local time frame, Ethereum (ETH) is approaching the resistance level at $1,778. Even though the daily ATR has passed, a closure near $1,780 can be a prerequisite for a squeeze to $1,800 soon. source

Ethereum has reached an obstacle on the daily chart. A significant resistance zone has been established by the convergence of two descending lines (in yellow and orange) and the horizontal resistance at $1,800 (in red).
On August 14, the bulls’ final effort to break out was unsuccessful. Since then, the price moved into a weaker position, reaching $1,420. The recent increase has now presented the bulls with an opportunity to retest the resistance zone.
In the days leading up to the Merge, the market is dominated by bullish sentiment, and this will be amplified if the bulls can reclaim $2K.  Alternately, failure to break this level will end expectations of a rally. If this occurs, the first area of solid support lies around $1,400.
In conclusion, it is crucial to observe the daily structure during the next couple of days. The strength of the upper wicks, which shows how determined the bears are to defend the resistance zone, is also important to monitor.
Key Support Levels: $1650 & $1420
Key Resistance Levels: $1800 & $2100
Daily Moving Averages:
MA20: $1581
MA50: $1660
MA100: $1490
MA200: $2101 source

The Ethereum merge is fast approaching and those with assets at stake should keep a close eye on the following data sources.The assumption that Ethereum will just transition to a fully functional proof-of-stake (PoS) network after the Merge somewhat ignores the risk and effort necessary to move an asset that has a $193 billion market capitalization and 400 decentralized applications (DApps).
That is precisely why monitoring vital network conditions is essential for anyone willing to trade the event which is scheduled for Sept. 14, according to ethernodes.org. More importantly, traders should be prepared to detect any alarming developments in case things go wrong. source

Last year, as the Bitcoin bull market raged to parabolic highs, funds owned by Morgan Stanley began buying shares of Grayscale Bitcoin Trust (GBTC) in relatively large volumes. At one point, funds managed by Morgan Stanley owned as much as 13 million GBTC shares. Morgan Stanley funds currently hold around 11 million shares at a loss of at least 33%.
The firm began buying GBTC in 2019 but bought the majority in last year’s bull market. Some of the investment company’s funds have also recently sold some of their GBTC at a loss. Indeed, funds managed by Morgan Stanley which hold GBTC are all down this year with Morgan Stanley Insight Fund Cass A down more than 50%.
The fund started the year with 1,734,013 shares and sold 332,627 at the start of the bear market. It then sold 183,457 shares at a loss in the second quarter, ending with 1,217,929 GBTC shares. source

September has been a historically bearish month for bitcoin and the rest of the crypto market by extension. Back in 2021, bitcoin’s deviation from expected market trends had sparked hope that it would break the September curse, but alas, it followed it to a T. This is why with the new month already ushered in, there are expectations that the price of BTC will continue to dive and likely reach lower trends as it enters the worst of the bear market. source