Witness history! Bitcoin breaks through $89,000, cryptos concept stocks soar across the board.
Digital currencies started to surge fiercely over the weekend and continued to accelerate on Monday. The top digital currencies by market cap all skyrocketed. Ethereum and Solana both saw a cumulative increase of about 40% in the past 7 days, higher than Bitcoin's 31%. Dogecoin, supported by Musk, doubled in value over the week. Major Bitcoin holder MicroStrategy stated that it spent approximately $2.03 billion to buy around 0.0272 million bitcoins, marking the largest purchase since December 2020. Blackrock's Bitcoin ETF IBIT has an asset under management exceeding one of the largest gold ETFs, IAU.
Bitcoin once approached $0.09 million! microstrategy continues to increase its holdings, what other companies are large holders of coins?
Between October 31st and November 10th this year, MSTR used $2.03 billion raised through issuing shares to purchase approximately 27,200 bitcoins, with an average trading price of $74,463 per bitcoin.
IRIS ENERGY LIMITED (NASDAQ: IREN) DEADLINE ALERT: Bernstein Liebhard LLP Reminds Iris Energy Limited Investors of Upcoming Deadline
"Trump 2.0", why is bitcoin skyrocketing while gold is plummeting.
Analysis suggests that 'Trump 2.0' may lean towards a 'small government' ideology, reducing government intervention and avoiding expansionary fiscal expenditures, which is bullish for bitcoin as a 'decentralized' asset. This cautious fiscal style also suppresses the safe-haven properties of gold, weakening its attractiveness as a hedge asset.
Solana Memecoins Surge: ACT and PNUT Skyrocket After Binance Listing
Bitcoin frenzy! The violent rise is unimaginable, the bull market for getting rich is here!
The arrival of the bull market is already certain, but the rise of BTC still exceeds the expectations of many people.