Day: 27 February 2024

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Bitcoin climbs to $57000

Bitcoin up

Bitcoin’s price leapt 10% in just two days and on Monday 26th February 2024, surpassed $54,000 for the first time since December 2021

The gains came on the back of MicroStrategy disclosing another large purchase of about 3000 Bitcoins for $155 million.

Analysts see a flow of funds into Bitcoin ETFs and the asset’s upcoming halving event as other bullish factors.

Update

CoinMarketCap data shows Bitcoin hitting $59000 on 28th February 2024

CoinMarketCap data shows Bitcoin hitting $59000 on 28th February 2024
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Intuitive luna lander reportedly tipped over, share price falls

Moon

Intuitive Machines initially reported Odysseus was standing upright. But in an update on Friday 23rd February 2024, the company reported they believe the spacecraft caught its landing gear sideways in the moon’s surface while touching down and tipped over.

Intuitive Machines’ cargo lander, Odysseus, returned its first images from the moon’s surface over the weekend.

Historic achievement

The company’s historic IM-1 mission is now operating on the moon after landing on Thursday 22nd February 2024, becoming the first privately developed spacecraft to soft land on the lunar surface.

Despite resting on its side, Odysseus is still sending back data. Intuitive Machines expects Odysseus to operate until Tuesday morning, when its solar panels will no longer be exposed to the sun.

Intuitive Machines’ stock fell 35% in trading on Monday 26th February 2024 to close down at $6.27 a share.

Artist’s impression of Intuitive Machines luna lander on the moon