#MicroStrategy #Bitcoin #Marketupdate #MicroStrategyMoves

MicroStrategy announced that it has purchased an additional 11,931 BTC, for a value of around $800 million. MicroStrategy doesn't stop

MicroStrategy, one of the major Bitcon holder companies, announced in the last few hours that it had purchased 11,931 BTC at an average price of 65,883 dollars ($786 million in total).

According to the same statement, Michael Saylor's company currently owns 226,331 BTC, for an average load price of around $36,000.

We had become accustomed to news of this kind, but it is still impressive to see how the company's commitment towards BTC is solid even in moments of greater market volatility.

Bitcoin, in recent days, is struggling to keep alive the hopes of a recovery of the psychological support of $70 thousand, but the selling pressure seems to have become particularly heavy, leading BTC to touch a local minimum at $64k. BTC awaits new catalyst events

At the same time, in the last few hours the short-term trend seems to be bullish, with a +1.5% for BTC at the opening of the European markets followed by a +2% for Ethereum.

Life seems particularly difficult for the altcoin market, with good performances for Avalanche (+3.9%) and XRP (+1.5%) which however seem to be the consequence of increasing volatility and a harbinger of new declines. Especially for SOL (now a competitor of Ethereum), there is a fear of a bearish strategy on the part of traders, in anticipation of the listing of ETH spot ETFs.

Precisely these could be the turning point for a market that does not seem to find the energy for new bullish movements in a context in which there is no shortage of positive news. One above all, the recent listing of VanEck's BTC spot ETF on the Australian Securities Exchange (ASX), the largest stock exchange in the country.$BTC

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