U.S. stocks opened higher this week, boosted by significant gains in semiconductor stocks like TSMC ADR and NVIDIA. MicroStrategy announced the purchase of an additional 5,262 Bitcoins, which dropped 8.78% after being officially included in the Nasdaq 100 index yesterday (12/23), closing at $332.23. Today marks the beginning of the Christmas holiday in Europe and the United States, and trading is expected to be light. Will there be a Christmas rally in the crypto market this year?
MicroStrategy buys more Bitcoin, dropping 8% after officially joining the Nasdaq 100 index
MicroStrategy announced the acquisition of 5,262 Bitcoins for approximately $561 million, with an average cost of $106,662 per Bitcoin, achieving a year-to-date BTC return of 47.4% and a return of 73.7% since the beginning of the year. As of December 22, 2024, MicroStrategy has acquired 444,262 Bitcoins for approximately $27.7 billion, with an average cost of $62,257 per Bitcoin.
MicroStrategy was officially included in the Nasdaq 100 index yesterday (12/23), but its stock price has recently performed poorly, falling with Bitcoin's recent pullback. The stock dropped 8.78% on its first day in the index, closing at $332.23.
Will there be a Christmas rally this year?
After experiencing a drop last week, cryptocurrencies generally rebounded yesterday. Today marks the beginning of the Christmas holiday in Europe and the United States, with the stock market closing early. Many foreign investors will take time off until after New Year's Day, and trading is expected to be light.
Will cryptocurrencies have a new wave of trading before Christmas Eve? Yesterday, artist Beeple showcased his latest creation on X, titled 'Taking Profits,' featuring the head of Santa Claus and a polar 'bear' nearby.
[Disclaimer] The market has risks; investment should be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Invest at your own risk.
This article is republished with permission from: (Chain News)
'MicroStrategy buys more Bitcoin! After joining the index, it drops, will there still be a Christmas rally this year?' This article was first published in 'Crypto City'
