The broker raised its year-end price target for the software company to $2,150 from $1,875. Source: https://www.coindesk.com/business/2024/08/02/microstrategy-bull-doubles-down-on-positive-call-by-raising-price-target-to-street-high/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The move will take effect on Wednesday and will be open to clients with a net worth of at least $1.5 million. Source: https://www.coindesk.com/business/2024/08/02/morgan-stanley-to-offer-bitcoin-etfs-to-wealthy-clients-cnbc/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The CoinDesk 20 gains 1.2% overnight with BCH up 3.0% and ETC up 2.5%. Source: https://www.coindesk.com/markets/2024/08/02/coindesk-20-performance-update-index-gains-12-with-bch-and-etc-leading/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Source: https://www.coindesk.com/markets/2024/08/02/us-added-just-114k-jobs-in-july-unemployment-rate-shoots-up-to-43/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 2, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the …

A weak report will likely bolster Fed rate-cut expectations and potentially support risk assets, including bitcoin. Source: https://www.coindesk.com/markets/2024/08/02/risks-are-skewed-to-a-weaker-nonfarm-payrolls-print-ing-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The Presumptive Democratic U.S. presidential nominee cannot afford to cede crypto to Donald Trump and luring crypto voters and donations away could “make a difference in key battleground states,” …

Coinbase revenue beat Wall Street analysts’ expectations, while profit came in lower than the consensus. Source: https://www.coindesk.com/markets/2024/08/02/ark-invest-sold-148m-of-coinbase-shares-thursday-ahead-of-the-exchanges-earnings-report/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Long-term holders are motivated to hold at bitcoin’s going market rate, implying an attractive risk-reward for existing or potential investors, according to the “reserve risk” indicator. Source: https://www.coindesk.com/markets/2024/08/02/bitcoin-still-offers-attractive-risk-reward-ratio-on-chain-indicator-shows/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

India should consider revising its taxes on crypto and not depend on its anti-money laundering rules to reverse the impact of those high taxes, a survey of Indian investors …