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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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Bloomberg: Bitcoin sees its first weekly decline since Trump's victory, while the Options market starts to decline with Hedging.
Golden Finance reported that Bloomberg's analysis pointed out that due to the cautious policy outlook of the Federal Reserve weakening the optimism of the US government embracing the cryptocurrency industry, BTC saw a weekly decline for the first time since Trump won the US presidential election. This Monday, BTC's seven-day decline reached about 7%, marking the largest drop since September. Sean McNulty, trading director at liquidity provider Arbelos Markets, stated that the outflow of funds from US exchange-traded funds directly investing in BTC last week will put pressure on BTC prices in the short term. He predicts that the BTC price may remain at the $90,000 level by the end of 2024, and added that the Options market is beginning to attempt downward hedging, with Options buyers setting strike prices of $75,000 to $80,000 in January, February, and March next year.