Bitcoin Price Skyrockets Above $100K as MicroStrategy Announces Latest Purchase
Jan 6, 2025
It has taken roughly three weeks for bitcoin to come out of the woods, skyrocket past $100,000, and tap a yearly peak of over $101,000.
This came after the most recent MicroStrategy purchase, which is sort of unexpected given the developments after the previous such occasions.
CryptoPotatoreportedlast Monday, just after the NASDAQ-listed giant announced its then-latest BTC purchase, that the cryptocurrency plunged hard, going from over $94,000 to a monthly low of $91,300. Interestingly, similar price drops transpired after each of the previous MicroStrategy, otherwise bullish acquisitions.
Now, though, the largest digital asset went on the offensive within an hour of the Saylor-led company’s announcement on X. It went from $98,000 to its highest price tag since December 19 of over $101,000.