by Ian Cooper

Bitcoin may have bottomed out.

Fears of further downside in the digital currency appear to be fading, with Germany running out of BTC to sell. “Data from Arkham shows that the wallet used by the German government to transfer BTC is now out of funds,” as noted by FXStreet.com.

“The transfers by the German government were contributing to the selling pressure on the largest asset by market capitalization. As the balance dips to zero, the selling pressure is expected to ease and make way for recovery in Bitcoin price,” they added.

With that, the price of Bitcoin is now back above $60,000 and could race higher, as fear dies off.

That being said, investors want to use weakness as an opportunity with:

MicroStrategy (MSTR)

The company, which now owns 214,400 BTC, saw its MSTR stock dip slight to $1,396.

While you can always buy the stock here, you can buy it for less when it splits it shares 10:1 on August 1. It’ll then start trading at its stock split adjusted price on August 8. Using the current price tag of $1,396, the stock would trade at $139.60 post-split. From there, if Bitcoin prices rally even higher, MSTR could easily race much higher from that post-split price.

Marathon Digital (MARA)

At $24.50, Marathon Digital is a steal.

Analysts at B. Riley just raised their price target on MARA to $20. All after MARA announced its June production numbers and operational updates.

As noted by Investing.com, “Marathon Digital reported a slight month-over-month decrease in Bitcoin production, with a total of 590 BTC mined in June, marking a 4% decline from the previous month.”