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Bitcoin price sold off as negotiations to end the US-Iran war broke down and the Strait of Hormuz returned to the spotlight.

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Strategy is one of the most aggressively promoted stocks on Wall Street, with a consensus “Strong Buy” rating and an average analyst price target that implies a 155% upside from recent prices. That's nearly double the implied upside for any other large-cap name in America.

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MicroStrategy revealed that its Bitcoin (BTC) holdings need just 2.05% annual growth to cover all preferred stock dividends indefinitely, without issuing new common shares.

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Bitcoin's recent bounce above $70,000 is starting to look like more than a price bounce. An interesting on-chain analysis of on-chain data points to a change in how capital is moving across the market, with money that previously rotated into stablecoins beginning to edge back into Bitcoin.