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.
ARKK's Holdings Ranked by SA Quant Grades
Crazy cryptocurrency market! Analysts are betting that bitcoin will not experience a significant pullback until it reaches $150,000.
①Bitcoin's price has surged nearly 30% in the past seven days, breaking through $89,000 in the past 24 hours; ②Analysts predict that Bitcoin's price will continue to rise due to positive political momentum, social media hype, continued interest rate cuts, and the prospect of becoming a strategic reserve asset for the United States.
Crypto Stocks Like MicroStrategy, Coinbase, Marathon Could 'Outperform The Majority Of Crypto Coins,' Says Veteran Trader
Shares of Crypto-linked Stocks and Bitcoin Miners Are Trading Lower, Pulling Back After Gaining on Monday Due to a Surge in Bitcoin.