Fear & Greed: 81
Price: $95 – 97k (or) £75 – 76k
Hashrate: 748 EH/s
Nodes: 18,590
MSTR Price: $387

November 2024 saw Bitcoin make its biggest monthly candle in history – shooting up $26k in one month. We are still yet to surpass $100k. But once we do, this monthly candle may become another record that’s easily broken. This is because $100k is a key psychological barrier. Hitting 100k makes 200 then 300 all the more attainable.

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The hashrate appears to be on the mend also. It often follows these peaks and troughs but a rising hashrate is good for price, and looking at the five year below, the more hash the network has, the more powerful and valuable it becomes:

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Rumours are once again circulating that MSTR is about to buy more bitcoin:

Another MSTR buy here could push the price higher, and as the price of BTC rises, so does their stock, in turn allowing the purchase of more BTC. It’s a financial dance that has gotten a lot of people excited and worried. Personally, I am of the opinion that MSTR will become the worlds first Bitcoin bank, but that is just an opinion.

Not financial advice.

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