The current trade price of Bitcoin ($BTC), the top Cryptocurrency by market cap, is $97,957. This price level is 2.6% down over the last 24-hour period.
The sharp downfall in the trade price of Bitcoin is showing a very big picture, some experts predicted. Currently, wise minds are rapidly buying Bitcoin to enjoy the incoming big wave of bull run.
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On 19 Dec 2024, A publicly traded company, Marathon Digital Holdings (MARA), purchased 15,574 bitcoin for $1.53 billion. With investment in Bitcoin, MARA has achieved an impressive BTC yield of 22.5% quarter-to-date (QTD) and 60.9% year-to-date (YTD).
On the other hand, Hut 8 ($HUT) purchased 990 BTC worth $100 million. Now Hut 8 holds more than 10,000 BTC.
It is worth it to note that MARA purchased these new stakes of Bitcoin at an average trade price of $98,529/BTC and Hut 8 purchased at an average price of $101,710/BTC.
Yesterday, Bitcoin was struggling, but this news acted as a catalyst to pump Bitcoin by 5%; unfortunately, today, the trade price of Bitcoin again collapsed badly. Trade volume in the Bitcoin market surged nearly 25%.
A popular crypto analyst shared his analysis on the Bitcoin market and predicted that the next all-time high price level of Bitcoin will be $113,000/BTC.
Furthermore, he added that ups & downs are only a natural part of the volatile money market, but here, the majority of the investors will win.
Read also: Bad News For Bitcoin! MicroStrategy may stop buying Bitcoin: Report
Top big companies buy $2 billion Bitcoin but still price crashes: Here is the reason?
https://bitcoinik.com/top-big-companies-buy-2-billion-bitcoin-but-still-price-crashes-here-is-the-reason/feed/
https://bitcoinik.com/top-big-companies-buy-2-billion-bitcoin-but-still-price-crashes-here-is-the-reason/feed/
