The price of Bitcoin has reached $100,000 for the first time since its inception, surging over 7% in the past 24 hours. This led to over $644 million being liquidated from the crypto-leveraged market, with Bitcoin accounting for over $169 million. Bitcoin dominance also increased to over 56%, cooling down the previously reported altcoin rally. MicroStrategy has continued its Bitcoin adoption by purchasing over 402,100 Bitcoins worth more than $40 billion since August 2020. As a result, MicroStrategy's shareholders have significantly benefited, with a BTC yield of 38.7% QTD and 63.3% YTD. MicroStrategy's stock has rallied over 542% YTD, outpacing Wall Street indexes, and reached a valuation of about $83.9 billion. The company's success has also influenced other companies, with discussions of adopting strategic Bitcoin reserves at the national level. Overall, Bitcoin is expected to continue its trajectory to higher levels in the coming months due to institutional FOMO and strong fundamentals.



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