Crypto Daily – The ($BTC) reversal just got deeper. At one point as low as $92,350, the $BTC price is currently hovering just above this. Is Bitcoin going to go to much lower levels? Is the bull market over? Or, is this just a standard reversal before heading back up to take out the $100,000 price level?
MicroStrategy buys big
MicroStrategy has acquired 55,500 BTC for ~$5.4 billion at ~$97,862 per #bitcoin and has achieved BTC Yield of 35.2% QTD and 59.3% YTD. As of 11/24/2024, we hodl 386,700 $BTC acquired for ~$21.9 billion at ~$56,761 per bitcoin. $MSTR https://t.co/79ExzXk4UM
— Michael Saylor⚡️ (@saylor) November 25, 2024
As the tussle between Bitcoin bulls and bears continues to play out, the biggest $BTC purchase yet by MicroStrategy has just taken place. Michael Saylor announced the purchase by MicroStrategy of 55,500 $BTC, worth around $5.4 billion at time of buying. He also boasted that his company had achieved a BTC yield…
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