Marathon Digital (MARA), one of the largest bitcoin (BTC) miners, bought $100 million worth of BTC in the open market and said it will readopt its strategy to hold all mined bitcoin on its balance sheet.The miner said in a statement on Thursday that it now holds over 20,000 bitcoin, worth nearly $1.3 billion based on current prices,on its balance sheet and plans to buy more in the open market."Bitcoin’s recent price decline, coupled with the strength of our balance sheet, afforded us an opportunity to add to our holdings. We look forward to continuing to leverage our technological expertise to support Bitcoin and distributed digital asset ecosystems,” said Marathon's CFO Salman Khan.The decision to HODL or holding onto bitcoin comes almost year after Marathon started to sell its mined digital assets to pay for the company's operating expenses.Prior to the crypto winter, most miners adopted the strategy to hold on to all the mined bitcoin in their balance sheet, which paid off during the bull market rally.
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According to the latest analysis by on-chain analytic platform Santiment, the trader sentiment closely mirrored recent price movements, with XRP at the forefront of the market’s bullish narratives. An expert’s analysis suggests that XRP could potentially be on the brink of a “historic breakout,” with the potential to set a new precedent in the market. In a tweet, pseudonymous crypto trader Crypto Michael noted that XRP has been forming a bullish pennant pattern for a staggering seven years. This phenomenon is rarely seen, and such an extended consolidation period could lead to a significant breakout. Another crypto analyst observed a crucial moment for XRP, noting that it has broken the Relative Strength Index (RSI) resistance level, a key indicator that previously initiated an explosive rally in 2017. This technical breakout also suggests that the crypto asset could be poised for another significant upward movement.
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According to the author of the bestselling book "Rich Dad, Poor Dad", the vast majority of technical indicators indicate that the prices of real estate, gold, silver, stocks, bonds and bitcoin will fall. According to him, this will inevitably be followed by a long bull market cycle, until the end of 2025, and prices will continue to rise, and the bitcoin rate will rise to $10 million without any difficulty. The investor is also convinced that the price of gold will be $15,000 per ounce, silver - $110 per ounce, and trading them will bring investors significant profits, if, of course, they spend money on them, and not on useless assets. Recall that Robert Kiyosaki regularly writes posts on social networks about how bitcoin, silver and gold will surpass all other assets in popularity and value. This is the central theme of his posts.
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