Bitcoin rose on Tuesday and maintained the gains for the second straight session, as it trades near two-month high and targets the coveted $100,000 once more with positive sentiment gripping the crypto market.
MicroStrategy has once again increased its bitcoin holdings to a record high, boosting the cryptocurrency’s institutional status as a trusted reserve currency.
The Price
Bitcoin rose 0.5% at Bitstamp today to $95,479, with a session-low at $94,279.
On Monday, bitcoin rose 1.4%, resuming gains after a two-day hiatus and approaching a two-month high at $95,857.
Crypto Market Value
The market value of cryptocurrencies rose by $25 billion on Tuesday to a total of $3.090 trillion.
MicroStrategy
Through the X platform, MicroStrategy’s chairman Micheal Saylor announced a new round of bitcoin purchases amounting to 15,355 units, bringing the company’s holdings to a new record high.
The purchase occurred between April 21 and 26, with the company spending $1.42 billion in total, averaging $92,737 per unit.
After the new acquisition, the company now holds 553,555 units in total, worth $37.93 billion, with an average price of $68,519 per bitcoin.
Do you need help in trading decisions? Do you want to learn how to start trading?
Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise and get:
Full coverage of commodities such as gold, oil, silver, and more
Full coverage of all major forex currency pairs
Full coverage of key global indices and stocks
Full coverage of major cryptocurrencies and meme coins
Accurate analysis and daily updated price forecasts
Exclusive and breaking news
Reliable trading ranges for effective risk management
Comprehensive educational materials, competitions and prizes!
Innovative tools to enhance your trading performance
Special Offer: Subscribe to the Economies.com VIP channel and get also a free subscription to a trusted trading signals channel provided by Best Trading Signal.
Join Economies.com VIP Club
