Bitcoin is making waves again! 🚀 After three weeks of hiding behind the clouds, Bitcoin price has soared past $100,000 and reached a yearly peak above $101,000. This happened after MicroStrategy, a company led by Michael Saylor, announced their latest BTC purchase.
• Previously, every time MicroStrategy bought Bitcoin, the price would fall. But this time, Bitcoin immediately went from $98,000 to $101,000 within an hour of the announcement.
• MicroStrategy bought 1,070 BTC for $101 million, at an average price of $94,004 per BTC. This is smaller than previous billion-dollar purchases.
• Future plans? MicroStrategy plans to raise another $2 billion to add to their Bitcoin collection.
What do you think? Is this a good sign for the crypto market? Let's discuss in the comments column!