/https%3A%2F%2Fnews.trijo.co%2Fwp-content%2Fuploads%2F2023%2F05%2FKopia-av-Trijo-News-bild-7.png)
MicroStrategy Posts Q1 Profit, Reaffirms Commitment to Bitcoin Investment Strategy
MicroStrategy, a business intelligence platform, has reported a profit of $94 million in the first quarter of 2023, marking its first quarterly...
Image source: Shutterstock / Trijo News
This could indicate that we are approaching a bull run.
During the weekend, Trijo News reported that bitcoin reached $10,000 for the first time in over a year. After that, several analysts have expressed a positive opinion on bitcoin’s price development. Now another indicator brings good news for the world’s biggest cryptocurrency.
It is the price indicator Chalkin Money Flow Index, which measures how large volumes of bitcoin are bought and sold, which reached its highest point since the beginning of April.
The Chalkin Money Flow Index curve has been on an upwards trajectory since the beginning of March, indicating that bitcoin is at the beginning of a bull market, Coindesk reports.
MicroStrategy, a business intelligence platform, has reported a profit of $94 million in the first quarter of 2023, marking its first quarterly...
In times of economic uncertainty and market volatility, Bitcoin has gained recognition as a safe haven asset. Its ability to provide investors...
Hong Kong's Securities Futures Commission (SFC) is preparing to release cryptocurrency exchange licensing guidelines in May, as reported by...