U.S. stocks opened higher this week and ended higher, driven by gains in chip stocks such as TSMC ADR and Huida. MicroStrategy announced an additional purchase of 5,262 Bitcoins, which fell 8.78% to close at $332.23 after being officially included in the Nasdaq 100 index yesterday (12/23). Today will be the Christmas holiday in Europe and the United States, and trading is expected to be light. Will there be a Christmas market in the crypto market this year?
MicroStrategy buys Bitcoin again, down 8% after officially joining Nasdaq 100 index
MicroStrategy announced the acquisition of 5,262 Bitcoins for approximately $561 million, at an average cost of $106,662 per Bitcoin, and achieved quarter-to-date BTC returns of 47.4% and year-to-date BTC returns of 73.7%. As of December 22, 2024, MicroStrategy acquired 444,262 Bitcoins for approximately $27.7 billion, at an average cost of $62,257 per Bitcoin.
MicroStrategy was officially included in the Nasdaq 100 Index yesterday (12/23), but the stock price has performed poorly recently, falling with Bitcoin's recent retracement. After being included in the index on the first day yesterday, it fell 8.78% to close at $332.23.
Are there any Christmas quotes this year?
After last week's decline, cryptocurrencies generally rebounded yesterday. Today will be the Christmas holiday in Europe and the United States. The stock market will be closed early. Many foreign investors will also wait until after New Year's Day. Trading is expected to be light.
Source: CoinGecko
Is there any chance that cryptocurrencies will usher in a new wave of action before Christmas Eve? Yesterday, the artist Beeple showed off his latest creation on his X, called "Taking Profit". Not only does the head of Santa Claus appear in the picture, but there is also a North Pole "bear" appearing next to it.
This article Micro-Strategy buys Bitcoin again, but it falls after being included in the index. Will there be a Christmas market in the crypto market this year? First appeared in Chain News ABMedia.
