
The world’s largest cryptocurrency, Bitcoin (BTCUSD), is once again sliding as geopolitical tensions take center stage. The latest spike in oil prices has led to a decline in the broader crypto market. However, crypto bulls still remain positive on Bitcoin’s trajectory.
B.Riley Securities analysts initiated coverage of the Bitcoin treasury company, Strategy (MSTR), also known as MicroStrategy, with a “Buy” rating and a $175 price target, implying 26.5% upside from current levels.