News

Glonghui, April 21 ― A certain exchange continued to rise 3.53% in pre-market trading for U.S. stocks today, closing at $103.89. Yesterday, the stock saw a large gain of 18.25% to close at $100.35, up 1.37 times year-to-date.On the news side, on April 20, the exchange announced top-line results from the 52-week extension of the phase 2b REZOLVE-AA study of its alopecia areata treatment drug, rezpegaldesleukin, after a 16-week extension. Data showed that in the 18 µg/kg and 24 µg/kg dose groups, 29% and 31% of patients, respectively, achieved a new SALT score ≤20 from week 36 to week 52, and 94% of patients completed treatment extension with clinically meaningful hair regrowth.After the release of the long-term extension results of the alopecia study, Oppenheimer reiterated its “Outperform” rating and $140 target price for the exchange, stating that the overall SALT ≤20 response rate in the 24 µg/kg dose group at week 52 was about 28%, in line with its best expected range.

Foresight News reports, citing Cointelegraph, that due to Strategy’s preferred stock Stretch (STRC) price falling below the par value of $100, the company may pause its Bitcoin purchases this week, which could cause the price of Bitcoin to drop back to $70,000. Previously, Strategy disclosed the purchase of 34,164 Bitcoins for $2.54 billion, with 86% of its funding (about $2.17 billion) raised through the sale of STRC. Historical data shows that when the STRC price falls below $100, the price of Bitcoin drops by an average of approximately 30%. In addition, Bitcoin’s technical chart reveals a flag consolidation pattern; if the support level fails, it could fall back into the $67,000 to $69,000 range in April. On the macro side, due to market doubts over the US-Iran peace agreement and US President Trump stating that if an agreement is not reached by Wednesday it is unlikely that the ceasefire will be extended, market risk appetite has weakened.

According to monitoring by BitcoinTreasuries.NET, the American Funds Fundamental Investors (ANCFX) fund under Capital Group increased its holdings by 4.32 million shares of a certain exchange's stock, with a value of about $747 million. The total holdings have risen to 10.33 million shares, approximately $1.78 billion.