CandleFocus Bigger Rocket Needed: Michael Saylor Reacts to Bitcoin's Surge Past $98,000
2024-11-21
Author: Content Editor
Bitcoin has reached a new all-time high, surpassing $98,000, with MicroStrategy's chairman Michael Saylor expressing excitement and celebrating the cryptocurrency's surge. This milestone validates MicroStrategy's investment strategy, as the company holds 331,200 BTC acquired for $16.5 billion. The recent price increase may be attributed to funding rate and open interest growth in the futures market, as well as short liquidations totaling over $95 million in the last 24 hours. Bitcoin has consistently set new records since November and has increased by over 130% in 2021.
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