MicroStrategy stock has experienced a significant surge in price, outperforming major indices and companies like NVIDIA and Microsoft. This increase is attributed to the ongoing cryptocurrency bull run, particularly after Donald Trump's election victory. Bitcoin has also reached record highs, with technical analysis suggesting that its rally is just beginning. The formation of a cup and handle pattern indicates a potential for further price increases, with $100,000 being a key level to watch. MicroStrategy benefits from its large holding of Bitcoin, making it an attractive investment option. Investors also have the choice of alternative options such as the YieldMax™ MSTR Option Income Strategy ETF (MSTY) and the T-Rex 2X Long MSTR Daily Target ETF (MSTU) and Defiance Daily Target 2X Long MSTR ETF (MSTX), which utilize different strategies to generate returns. However, these ETFs come with their own risks and expense ratios.
US Department of Justice Issues Statement on Bitfinex Hack That Stole Billions of Dollars of Bitcoin
Jito Labs records $78.9 million in monthly fees for October, doubling its previous record set in May