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Crypto & Bitcoin

Vanguard Invests $7.5 Million in Metaplanet as Bitcoin Faces Key Market Tests

Reported by Godfrey Benjamin, The Coin Republic

Image: The Coin Republic

Key Insights Vanguard reportedly bought $7.5 million worth of Metaplanet shares, offering indirect exposure to Bitcoin. CW flagged renewed red whale activity, with a $82,500 sell wall and buy walls at $79,000 and $78,000. Crypto Patel highlighted US midterm uncertainty, the Fed rate decision, GDP data and PCE inflation as key Bitcoin market factors. Vanguard reportedly bought $7.5 million worth of Metaplanet shares. This adds to market interest in Bitcoin-linked stocks as traders watch whale activity, key price levels and major US economic events ahead of the midterm elections.

This is an excerpt. The reporting belongs to The Coin Republic.

Read the full report on thecoinrepublic.com
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