Bitcoin Price Reports Disagree on Weekly, Monthly Gains
Cryptonews.com and The Tokenist both cover Strategy’s Bitcoin purchase and Peter Schiff’s warning, but give different percentage changes and price figures for the same Bitcoin rebound.
Cryptonews.com and The Tokenist both cover Strategy’s Bitcoin purchase and Peter Schiff’s warning, but give different percentage changes and price figures for the same Bitcoin rebound.
What all sources agree on
- Strategy bought 334 BTC for about $28.7 million (or $28.7M) in its latest disclosure.
- Strategy repurchased roughly $176 million (or $176.3 million / $176M) of STRC in the same window.
- Peter Schiff warned that a technology-stock correction could reverse Bitcoin’s rebound, particularly if Strategy’s ability to finance purchases through STRC has weakened.
- Strategy’s holdings reached 848,000 BTC, over 4% of total Bitcoin supply.
- STRC recovered to about $99.40 after falling to around $75 during the summer.
- STRC’s notional value was reported at $8.93 billion, with a 12% variable dividend and a 12.07% effective yield.
- In late September, Strategy bought 1,665 BTC for roughly $142.8 million.
- Bitcoin remained down about 30% year over year despite the rebound.
- Schiff cited falling bond prices, weak inflation and employment signals, and oil near $91 a barrel as evidence of broader market strain.
Where the reports disagree
1Weekly percentage change in Bitcoin’s price
Bitcoin was trading around $86,000, up more than 4% over seven days and more than 8% over 30 days, but still down 30% year over year.
Bitcoin was near $86,000, up over 2.5% in a week and more than 6.5% in a month, yet it remained about -30% below its level a year ago.
What would settle it: Historical Bitcoin price data from a major exchange or price index for the specified seven-day window.
2Monthly percentage change in Bitcoin’s price
up more than 4% over seven days and more than 8% over 30 days
up over 2.5% in a week and more than 6.5% in a month
What would settle it: Historical Bitcoin price data from a major exchange or price index for the specified 30-day window.
3Bitcoin’s price at the time of Schiff’s comments
Bitcoin was trading around $86,000
Bitcoin price was trading near $85,500 when Peter Schiff discussed its rebound
What would settle it: A timestamped price feed from a major exchange covering the moment Schiff’s comments were reported.
What to make of it
Treat the Strategy purchase amounts, STRC buyback figures, and Schiff’s qualitative warning as established since both outlets match on those. Do not rely on either outlet’s specific weekly or monthly percentage change, or the exact price point cited, until checked against a live exchange price history.
Treat the Strategy purchase amounts, STRC buyback figures, and Schiff’s qualitative warning as established since both outlets match on those. Do not rely on either outlet’s specific weekly or monthly percentage change, or the exact price point cited, until checked against a live exchange price history.
Original source: AltcoinGordon
Syndicated coverage. Originally reported by altcoingordon.com.
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