Bitcoin Leads the Way While Ethereum Needs to Close the Gap: The Emerging Crypto Treasury Strategy on Wall Street
Bitcoin's Dominance: Bitcoin (BTC) remains the leading asset in treasury allocations, with major companies like Strategy holding over $69 billion in reserves, while significant mining firms also accumulate large amounts of BTC.
Emergence of Ethereum: Ethereum (ETH) is gaining traction as a reserve asset, with companies like BitMine Immersion Technologies becoming the largest Ethereum treasury firm, holding over $7.50 billion in ETH.
Corporate Holdings: Public companies collectively hold approximately 1 million BTC valued at $110.25 billion and nearly 3 million ETH worth $13.22 billion, representing 4.77% and 2.7% of their respective total supplies.
Market Performance: As of the latest data, Bitcoin is trading at $110,152 and Ethereum at $4,433, both experiencing declines in value, while stocks related to these treasury firms have shown mixed performance.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36037.796 | 48018.898 | 60307.816 | 72288.918 | 84577.836 | 96558.938 | 108847.856 |
| Fibonacci | 48018.898 | 57290.046 | 63017.77 | 72288.918 | 81560.066 | 87287.79 | 96558.938 |
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