MicroStrategy Inc. has purchased approximately 27,200 Bitcoin for a total of $2.03 billion. This marks the company’s largest purchase of the digital currency since its initial acquisitions over four years ago.
On November 10, the market sentiment for Bitcoin and other cryptocurrencies reached its highest level of “greed” in nearly seven months, with the Crypto Fear & Greed Index scoring 78 out of 100.
The CEO of CryptoQuant, Ki Young Ju, predicts that Bitcoin’s price may dip below $59,000 by the end of the year due to an overheated futures market.
BlackRock’s Bitcoin exchange-traded fund (ETF) yesterday received over $1 billion in new investments, making it the largest asset manager in the world.
On Monday, Bitcoin reached a new record mining difficulty of 101.65 trillion.
Cartwright, a specialist in British pensions, is advising institutional investors to invest some of their assets into Bitcoin.
MicroStrategy has not made any new purchases of the cryptocurrency since mid-September.
