Bitcoin's upward momentum shows no signs of stopping. After setting consecutive historical highs in recent days, it peaked around 7 a.m. today at $89,575, again reaching a new high. Although it briefly fell below $87,000, it quickly recovered, and at the time of writing, it is reported at $89,340, with a nearly 24-hour increase of 10.76%.
Ethereum also reached $3,388 around the same time, but funds seem to have been absorbed by BTC, leading to a moderated increase. At the time of writing, it is reported at $3,320, having risen 3.45% in the last 24 hours.
MicroStrategy has once again significantly increased its Bitcoin holdings.
Last night, MicroStrategy founder Michael Saylor stated on social platform X that the company purchased 27,200 Bitcoins for approximately $2.03 billion between October 31 and November 10, at an average price of $74,463. Saylor also pointed out that MicroStrategy's Bitcoin yield for this quarter reached 7.3%, and the year-to-date yield was as high as 26.4%.
As the price of Bitcoin continues to rise, MicroStrategy's stock (MSTR) is viewed as 'leveraged Bitcoin.' On the 11th, MSTR's stock price surged by 25.73%, surpassing $340, reaching a historic high.
According to Bitcoin Treasuries data, MicroStrategy currently holds 279,420 Bitcoins, with a total cost of approximately $11.929 billion. The current market value of their holdings is $24.834 billion, with profits exceeding double.
The market is still ongoing; as long as you haven't liquidated your positions, the battle is far from over!
Now is not the time to discuss the big picture. Friends who are in cash should think about when to re-enter, while those holding coins should closely monitor the best timing to sell!
I am still full of confidence for the future market. Whether it's Bitcoin, Ethereum, or altcoins, there are plenty of opportunities; the key is whether you can seize this market.
Buffett once said: 'I was not optimistic about Tesla, and it ended up rising dozens of times; I was not optimistic about Bitcoin, and it ended up rising tens of thousands of times.' Was he wrong? From Buffett's perspective, he was not wrong—he does not participate in things he does not understand. However, from the perspective of an observer, he might have judged incorrectly.
Therefore, the correctness of investment views is not important; the key is whether you can earn the money you understand.
Altcoin operating strategy: Buy leading coins! It must be leading coins!
In the current environment of dispersed funds, if there is no information and technical advantage, choose leading coins.
The decline of leading coins is usually smaller than that of other coins in the same sector. When they rise, they can lead the market and drive up the potential of other assets.
In the meme sector,
$DOGE is the recent king.
The leading meme related to ETH is $PEPE.
The leading concept in art is $Ban.
The leading coin in Linea is $FOXY.
The leading influencer concept is $MOODENG.
Other meme coins that have already been launched include $FLOKI and $WIF.
Today's article ends here. Currently in a bull market, with winds and clouds stirring, we share insights daily.
