Tuesday evening, that rally took another step forward, as the bitcoin price barreled through $8,500 for the first time since May 21. On Bitfinex, the flagship cryptocurrency marched past this threshold at approximately 23:45 UTC, ultimately inching up to $8,503 before ebbing back to a present value of $8,446.
It looks like Bitcoin is well on its way for a breakout. It has risen more than 30% in last 5 days and it looks strong.
FFG will be the biggest benefactor from a bitcoin bull run. It is the only listed stock in the world that has exposure to 3 main crypto sectors: fund, exchange and mining.
FFG also has many other assets in the e-commerce areas that are not fully valued on the sp. SP won't stay here at cheap for long. If this goes to a marketcap of A$100m (which is not far-fetched at all), SP should be at 25c.
Bitcoin Bull Run - Pierces US$8500
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Last
1.2¢ |
Change
0.001(9.09%) |
Mkt cap ! $16.87M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.1¢ | $20.71K | 1.727M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 5139780 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 1099356 | 3 |
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| Last trade - 15.32pm 02/07/2024 (20 minute delay) ? |
| FFG (ASX) Chart |