CryptoQuant CEO: Bitcoin's Current Lack of 'Pumpability' is Impacting MSTR's Stock Performance

Written by Emily J. Thompson, Senior Investment Analyst

Source: stocktwits

Updated: 2d ago

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Should l Buy ?

Source: stocktwits

Bitcoin Selling Pressure: Heavy selling pressure has diminished Bitcoin's historical multiplier effect, with predictions that Bitcoin and other digital assets will remain under pressure until Bitcoin's price trends upward again.
Market Performance: Despite Bitcoin's price dipping below $69,000, MSTR's stock has outperformed Bitcoin year-to-date, although it has also seen a decline of 10% this year compared to Bitcoin's over 20% drop.
Retail Sentiment: Retail sentiment around Bitcoin remains bearish, with high levels of chatter indicating a cautious outlook among investors, particularly in light of recent market trends.
Potential for Price Recovery: Upcoming discussions between crypto industry leaders and officials in Washington could potentially bolster Bitcoin's price if the talks yield positive outcomes.

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About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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