Bitcoin Likely to Reach $110K Before $76.5K, Says Arthur Hayes
Bitcoin is more likely to hit $110,000 before dropping to $76,500, according to crypto analyst Arthur Hayes. This prediction comes amid renewed institutional interest and positive market signals.
Michael Saylor’s Strategy Surpasses 500,000 Bitcoin Holdings
Michael Saylor’s Strategy recently acquired 6,911 Bitcoin (BTC) for approximately $584 million, bringing its total holdings to over 500,000 BTC. According to a recent SEC filing, the company now holds 506,137 Bitcoin, purchased at an average price of around $66,608 per coin.
- Strategy acquired Bitcoin between March 17 and March 23 at an average price of $84,529 per coin.
- Total Bitcoin holdings now exceed half a million coins.
- Strategy raised approximately $711 million through a preferred stock offering to fund further Bitcoin purchases.
Bitcoin Bottom Forming Amid Fed and Trump Signals
Bitcoin may have found a bottom and could soon rebound toward $90,000, according to Markus Thielen of 10x Research. This optimism follows recent signals from the U.S. Federal Reserve and President Donald Trump:
- Trump indicated flexibility on upcoming reciprocal tariffs scheduled for April 2.
- The Federal Reserve hinted at potential easing by looking past short-term inflationary pressures.
- Bitcoin’s 21-day moving average currently stands at $85,200, signaling bullish momentum.
Cathie Wood to Launch El Salvador’s AI Education Program
ARK Invest founder Cathie Wood will deliver the inaugural lecture for El Salvador’s new Cubo AI public education initiative. The program aims to provide university-level artificial intelligence education to students and professionals, featuring top industry experts.
- Wood previously met with El Salvador’s President Nayib Bukele to discuss crypto and AI policy.
- She believes El Salvador could increase its GDP tenfold within five years through pro-innovation policies.
These developments highlight growing institutional confidence in Bitcoin and the broader crypto market, alongside increased global interest in blockchain and AI education.
