Bitcoin, Ethereum, Dogecoin Gain Ahead Of Inflation Data Release: Analyst Says Not Much Resistance For King Crypto Until $65K
Portfolio Pulse from Aniket Verma
Leading cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, surged ahead of key inflation data release. Marathon Digital Holdings announced plans to raise $250 million to acquire Bitcoin. Market sentiment improved from 'Extreme Fear' to 'Fear'.
August 13, 2024 | 3:10 am
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Marathon Digital Holdings announced plans to raise $250 million through a new debt offering to acquire Bitcoin.
The announcement of raising $250 million to acquire Bitcoin is likely to positively impact Marathon Digital Holdings' stock price in the short term as it shows the company's commitment to expanding its Bitcoin holdings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100