Analysis: BTC needs to rise above $110,000 to push GameStop, Strategy and MARA share prices up

PANews March 29th news, according to Investing, although the crypto community generally believes that adding bitcoin to the balance sheet is good news, GameStop's stock price fell below $22, a five-day drop of nearly 15%. In addition, Strategy and Coinbase's stock prices also fell to a certain extent.

Analysts believe that if GameStop, Strategy and Marathon stock prices are to rise, Bitcoin may need to reach the so-called "exit rate", which is to break through $110,000 and exceed the average purchase price of these companies, before the new demand for these stocks can exceed the dilution pressure brought by bondholders hedging. Before Bitcoin shows a major breakthrough, analysts expect GameStop and other listed companies holding Bitcoin may continue to maintain range volatility.