De Bitcoin Bull Run schéckt de Revenu vu Square duerch den Daach fléien

Service fir Kopiehandel. Eis Algo mécht automatesch Handelen op a mécht zou.

De L2T Algo bitt héich rentabel Signaler mat minimale Risiko.

24/7 cryptocurrency Handel. Iwwerdeems Dir schléift, mir Handel.

10 Minutte Setup mat wesentleche Virdeeler. D'Handbuch gëtt mam Kaf geliwwert.

79% Succès Taux. Eis Resultater wäerten Iech begeeschteren.

Bis zu 70 Handel pro Mount. Et gi méi wéi 5 Pairen verfügbar.

Monatlecht Abonnementer fänken u bei £ 58 un.

L2T eppes

Hëllefe profitéieren

RESULTATER

Jack Dorsey’s payments solution company, Square (NYSE: SQ), is currently making a killing in the Bitcoin (BTC) rally as a result of its affiliation with the cryptocurrency. This surge is evident in its stock performance and it has just released its Q3 investors’ letter.

The company has registered a whopping $1.3 billion in revenue in its third-quarter thanks to its Bitcoin sales. This report is coming at a time when the company just clocked $3.03 billion in net revenue and about $800 million in profits.

A researcher at Messari, Ryan Watkins, has sketched out a comparison of the company’s performance from last year to the last quarter. He mentions that Square is setting a good example for other top financial institutions to follow and begin offering BTC and cryptocurrency services to their customers. The company attributed the massive spike in BTC volume to its Bitcoin sales.

Also, worth mentioning is that the company currently holds about $50 million worth of Bitcoin in a purchase last month to show its dedication to the cryptocurrency.

Meanwhile, the company made $875 million from Bitcoin sales in Q1 2020 alone $306 million in the preceding quarter.

Square pulled in $32 million in profits from its BTC sales in Q3, which represented 4% of the company’s net profits, and $17 million in Q2 2020, which represented a measly 2.84% of the total profits. Overall, the company reached a revenue of $3.03 billion in the third quarter as opposed to $1.92 billion in the second quarter and $1.3 billion in the first quarter.

Schlëssel BTC Niveauen fir kuerzfristeg ze kucken - 6. November

Bitcoin continues on its bullish spree as it continues to crunch new YTD highs. Many investors have speculated that we could see a 2017-type bull run.

The major resistance levels to watch out for are the $16,000, $16,500, and $17,000. On the flip side, the main support levels to monitor are the $15,300, $15,000, and $14, 500.

Total Maart Kapital: $ 443 Milliarden

Bitcoin Maart Kapital: $ 286.9 Milliarden

Bitcoin Dominanz: 64.5%

Opgepasst: Learn2.Trade ass kee Finanzberoder. Maacht Är Fuerschung ier Dir Är Fongen an all finanziell Aktiv investéiert oder presentéiert Produkt oder Event. Mir sinn net verantwortlech fir Är Investitiounsresultater.