According to Deep Tide TechFlow news, on December 9, crypto.news reported that Russian news agency TASS stated that Russian investors expect this cycle to peak at $160,000, rather than $200,000. Analysts believe that the recent rise in bitcoin is mainly benefiting from expectations of interest rate cuts by the Federal Reserve, increased global liquidity, and the entrance of institutional investors.
Among them, MicroStrategy increased its holdings by 15,400 bitcoins at an average price of $95,976 in early December, bringing its total holdings to approximately 402,100 bitcoins, valued at nearly $40 billion. Meanwhile, tech giants like Amazon and Microsoft are also considering incorporating bitcoin into their reserves, with Amazon planning to make a decision on the allocation of its $88 billion cash reserve before its annual shareholder meeting in April 2025.
