Bitcoin's upward trend shows no signs of stopping. After continuously setting historical highs in recent days, it reached a peak of $89,575 around 7 a.m. today (12th), setting another record. Although it briefly fell below $87,000, it quickly recovered, and at the time of writing, it is reported at $89,340, up 10.76% in nearly 24 hours.
Ethereum also reached $3,388 around the same time, but funds seem to have been absorbed by BTC, and its growth has somewhat converged. At the time of writing, it is reported at $3,320, up 3.45% in nearly 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 reached as high as 26.4%.
As Bitcoin's price continues to rise, MicroStrategy's stock (MSTR) is regarded as 'leveraged Bitcoin.' On the 11th, MSTR's stock price surged by 25.73%, breaking through $340 and setting a new historical high.
According to bitcointreasuries data, MicroStrategy currently holds 279,420 Bitcoins, with a total cost of approximately $11.929 billion, and the current market value of its holdings has reached $24.834 billion, with profits exceeding double.
The market is still continuing. As long as you haven't liquidated your positions, the battle is far from over!
Now is not the time to talk about the big picture. Friends who are in cash should think about when to re-enter the market, while those holding coins should closely monitor the best timing for selling!
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.
Warren Buffett once said: 'I am not optimistic about Tesla, and as a result, Tesla has risen dozens of times; I am not optimistic about Bitcoin, and Bitcoin has risen tens of thousands of times.' Was he wrong? From Buffett's perspective, he was not wrong—he doesn't participate in things he doesn't understand. However, from an observer's perspective, he may have judged incorrectly.
Therefore, the correctness of investment views is not important; the key is whether you can earn the money you understand.
Altcoin operation strategy: Buy the leader! It must be the leader!
In the current situation of dispersed funds, if you lack information and technical advantages, choose the leading coin.
The decline of the leading coin is usually smaller than that of other coins in the same sector. When it rises, it can lead the market and drive up the rise of other targets.
In the meme sector,
$DOGE is the recent king,
The leading meme related to ETH is $PEPE,
The leading art concept is $Ban,
The leading Linea is $FOXY,
The leading internet celebrity concept is $MOODENG,
Other meme coins that have been launched include $FLOKI and $WIF.
Today's article ends here. Currently in a bull market, with winds and clouds swirling, we have daily password sharing.
