June 29 (Cointime) - Bitcoin has shown a rise of 2.24% and hit the $30,700 zone, but has since slipped back to $30,562 on the Bitstamp exchange. Crypto trader Scott Melker has posted a BTC/USDT chart on Twitter, showing a Falling Wedge pattern forming, which is likely to push the asset's price to the North.

June 28 (Cointime) - MicroStrategy, the world's largest Wall Street Bitcoin holder, has purchased another $340 million worth of Bitcoin, bringing their total holding to 152,333 Bitcoin. Some members of the crypto community are concerned about MicroStrategy's plan for acquiring and holding BTC, with speculation about when they will sell off their holdings.

June 28 (Cointime) - Bitcoin's price is being driven up by a combination of positive factors, leading to a growing bullish sentiment. Crypto analyst Willy Woo has predicted a potential price target of around $310,000 if asset managers such as BlackRock and Fidelity were to inject 5% of their Assets Under Management into Bitcoin.

June 28 (Cointime) - On June 28, Bitcoin experienced another test of its $30,000 support level as the US Federal Reserve remained hawkish on inflation. Fed Chair Jerome Powell reiterated the consensus for further interest rate hikes this year during a discussion with other central bank heads.

June 28 (Cointime) - MicroStrategy, led by Michael Saylor, has purchased 12,333 bitcoin for $347 million in cash between April 29 and June 27. This brings the company's total bitcoin holdings to 152,333, valued at over $4.6 billion at current prices. The firm's shares were down 1% at $321.44 during pre-market trading, reflecting the decline in bitcoin, which was down over 1% at $30,288.

June 15 (Cointime) - Major banks and corporations, including BlackRock, Fidelity, and Bank of America, are increasing their exposure to Bitcoin through purchases of MicroStrategy (MSTR) stocks. This serves as a proxy investment for those not interested in buying Bitcoin directly. While institutions currently hold a significant amount of Bitcoin, they are largely underwater at current prices. Only a few of the top corporate holders have benefited from their investments in Bitcoin so far.

New data reveals that Microstrategy, a publicly-listed company, has seen a 14% decrease in the value of its 140,000 Bitcoin (BTC) holdings, which are worth approximately $4.2 billion. Data analyst Holger, from blockchaincenter.net, has released a dataset called "There Is No Second Best," which shows that if Microstrategy had invested in Ethereum (ETH) instead of BTC, the company's portfolio would have increased by 54% to $6.46 billion.

Berenberg analysts have differing opinions on MicroStrategy Inc and Coinbase Global Inc. They believe that MicroStrategy is a better choice for exposure to cryptocurrencies due to its unique business model and potential for growth, with a projected increase to $340 a share. However, they only have a "hold" rating for Coinbase stock due to ongoing regulatory scrutiny, with a price objective of $55 a share. MicroStrategy is considered to be insulated from such risks as Bitcoin has already been classified as a commodity and not a security, while the correlation between MSTR and COIN is currently at about 0.96.

Michael Saylor, CEO of MicroStrategy and a well-known Bitcoin advocate, believes that central bank digital currencies (CBDCs) will face significant opposition from the current banking establishment. Saylor predicts that the introduction of a CBDC would disintermediate all banks, starting with the big banks and trickling down to smaller ones, thereby disrupting the prominent role of banks in the financial sector. Additionally, Saylor foresees a bleak future for USD-backed stablecoins, as regulators will likely clamp down on any non-KYC digital dollars.

Investment bank Berenberg has suggested that investors looking for exposure to cryptocurrencies may be better off buying shares in MicroStrategy rather than Coinbase. The bank's report highlighted the correlation between the two companies, with MicroStrategy's direct acquisition of bitcoins offering a more favourable business model than Coinbase.