Strategy Buys 10,100 More Bitcoin, Total Holdings Explode to 592,100 BTC
Strategy Buys 10,100 More Bitcoin, Total Holdings Explode to 592,100 BTC
Strategyâs billion-dollar bitcoin acquisition rockets its holdings to 592,100 BTC, solidifying its position as the largest institutional holder and an unstoppable force in crypto. Strategy Unleashes 10,100 BTC Buy, Vaults Holdings to a Titan-Sized 592,100 BTC Software intelligence firm Microstrategy (Nasdaq: MSTR), which has rebranded as Strategy, announced on June 16 that it has acquired [âŠ]
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Japanese investment firm Metaplanet has taken the next step in its ambitious plan to acquire 1% of all Bitcoin by the end of 2027. Thatâs a massive 210K $BTC. This move underlines the larger adoption shift that weâve been seeing in the last year: from Strategy to MARA and countries like El Salvador hoarding Bitcoin. [âŠ]
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A 26âyearâold crypto content creator was kidnapped late on Friday while heading home in JuvisyâsurâOrge. He was grabbed by four men who forced him into a stolen car and demanded âŹ50,000 in cryptocurrency. He showed them his account balance and it wasnât enough. They let him go the next day with bruises and a sixâday [âŠ]
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Still Sleeping On XRP? Analyst Says $8 Breakout Is âJust Waitingâ
In a livestream on June 15, crypto analyst Cantonese Cat delivered a firm verdict on XRPâs prolonged consolidation: donât be fooled by the sideways drift. Despite trading in a tight range for over half a year, the chart veteran argued XRP is building energy for a powerful move, one that could take it as high as $6 to $8 once it breaks out of its multi-month technical cage. XRP To $8? âThis thing has been going sideways for seven months,â he said. âBut the entire time, itâs just hugging this GAN line.â He referred to a long-standing monthly Gann arc structure that XRP has been grinding against since late 2024. In his interpretation, the repeated tests of that arcâcombined with price holding above key support zonesâsignal strength rather than weakness. âItâs just waiting for its thing,â he added, implying that the eventual move could be sharp and sudden. Related Reading: XRP Price Still On Track For $1.5T Market Cap And 27% Crypto Market Dominance Cantonese Cat highlighted that the current price action is sitting just beneath the next major Gann resistance level, which aligns closely with a Fibonacci extension target between $6 and $8. That arc, he believes, will be the trigger. âI think the next level is going to end up breaking up to the GAN arc up above,â he said, adding that a clean breach of this level could mark the start of XRPâs long-awaited parabolic run. He also pulled up the monthly Ichimoku Cloud, pointing out that XRP had already broken above itâa significant bullish milestone in Ichimoku analysis. âInitially it had a rejection of the Ichimoku cloud,â he explained, âand now we have a true breakout.â Most importantly, XRP has held the Tenkan and Kijun without falling back into the cloud. âThis is basically a look of bullishness,â he noted, citing the textbook structure of a confirmed trend reversal. The broader structure, according to his analysis, is a classic breakout setup: a horizontal level was cleared, back-tested, and is now serving as support. âYouâre basically breaking above a horizontal level here and back testing it. And so far, youâre holding it pretty convincingly.â To reinforce his thesis, he pointed to Fibonacci retracementsâspecifically, XRPâs behavior around the 0.86 level, which the asset has been flirting with. âIf youâre able to convincingly break above 0.86 here,â he said, âthen all-time high stuff could happen.â Asked by viewers why the market isnât moving yet, he dismissed the apparent stagnation as noise. âItâs just going sideways, guys,â he said. âItâs just waiting for its thing.â In his view, the lack of momentum is not a sign of weakness, but rather a signal that XRP is compressing in a low-volatility zoneâa typical prelude to a high-volatility expansion. âWhenever it decides to get done with this shenanigans,â he added, âitâs probably going to go up.â Despite XRPâs muted performance while other assets like Bitcoin and Solana have captured headlines, Cantonese Cat made clear that he sees no structural damage on the chart. Quite the opposite: he views the persistent adherence to long-term support levels, especially on the monthly timeframe, as an indication that XRP is simply coiling beneath resistance. Related Reading: XRP Has A 70% Shot To Beat Bitcoin, Says Analyst In a cycle increasingly defined by breakout-driven flows and rotational capital, he framed XRPâs dormancy not as a failure, but as a delayed opportunity. âStill holding the Tenkan and Kijun just fine,â he said. âThis is what bullish looks like.â The analyst didnât offer a date, but was blunt about the price levels to watch. If XRP clears the monthly Gann arc and maintains strength above the 0.86 Fibonacci zone, the $6â$8 range comes into playâlevels that would not only exceed previous all-time highs, but also flip sentiment from apathy to euphoria in a matter of weeks. Until then, he warned, XRPâs breakout might not announce itself loudly. But when it comes, few will be positioned. âStill sleeping on XRP?â he asked. âYou might want to wake up soon.â At press time, XRP traded at $2.20 Featured image created with DALL.E, chart from TradingView.com