The trading price of bitcoin (BTC) has broken through the $94,500 mark, setting a new historical high. According to Binance market data, during trading this morning, the price of BTC has surpassed the threshold of $94,500, reaching an astonishing height of $94,999. This breakthrough growth not only highlights the vibrancy of the digital currency market but also indicates significant growth potential in the future.
A survey result has sparked widespread attention. Reuters conducted a survey of analysts regarding the economic situation, in which 94 out of 106 analysts surveyed predicted that the U.S. Federal Reserve would lower interest rates by 25 basis points in December, which is expected to reduce the interest rate to a range of 4.25%-4.50%. This shows the market's general expectation for the upcoming policy adjustments and the global financial environment.
Michael Saylor's decision has once again sparked heated discussions in the market. According to Odaily Planet Daily, Michael Saylor has adjusted the scale of the convertible bond issuance due in 2029. Due to strong market demand, he decided to increase the original $1.75 billion convertible bond issuance scale to $2.6 billion. This move not only provides greater flexibility for the company's financial operations but also reflects the market's high expectations and confidence in the company's future development.
In addition, the performance of MicroStrategy is also noteworthy. According to CoinDesk, this company, which claims to be a bitcoin development company, has successfully entered the top 100 listed companies in the United States, currently ranking 97th. Moreover, its stock price rose by 12% on Tuesday, closing at $430. Compared to bitcoin's increase of over 100% this year, MicroStrategy's increase has soared to over 500%. In the past five years, MicroStrategy's increase has astonishingly reached 2,739%, surpassing the 2,688% increase of tech giant NVIDIA.
More importantly, as of November 18, data shows that MicroStrategy holds as many as 331,200 bitcoins, with a total value exceeding $30 billion. This figure undoubtedly proves the company's firm confidence and strategic investment in digital currencies, especially bitcoin. In addition, the company recently announced that it will issue a total of $1.75 billion in convertible senior bonds, which will mature on December 1, 2029. This initiative not only provides financial security for the company's long-term development but also again demonstrates the company's firm belief and expectations for the future digital currency market.#BTC☀ $BTC
