Michael Saylor Issues Bitcoin "Space Travel" Tweet As BTC Gets Close to $90,000

U.Today - Michael Saylor, founder and executive chairman at MicroStrategy behemoth, has published a bullish tweet to comment on Bitcoin reaching a new record peak close to $90,000. This surge came right after the company announced another staggering Bitcoin accumulation.

Saylor reacts to Bitcoin almost reaching $90,000Over the last 24 hours, the world’s leading cryptocurrency has skyrocketed by roughly 10%, soaring from the $81,900 zone to $89,956, reaching a new all-time high this week. Reacting to this glorious rise, Saylor published an AI-generated image of himself wearing a space suit and a helmet, with space and a view of the Earth from orbit in the background.

“Have Spacesuit, Will Travel,” he wrote, adding an emoji of a rocket ship flying into space to the tweet.

Last week, Bitcoin set a new all-time high of $75,000, and today it whooshed to $89,956, which is just inches away from $90,000.

MicroStrategy buys $2.03 billion of BitcoinA day earlier, Saylor’s MicroStrategy issued a press release to announce that it bought another massive Bitcoin batch to add to the stash it already holds. The company stated that it had purchased 27,200 BTC for a stunning $2.03 billion. That purchase was actually made on Oct. 31 and Nov. 10. On Oct. 31, Saylor also released a strategic plan to buy a mind-blowing $42 billion worth of Bitcoin over the next few years and expand the company’s BTC holdings significantly.

MicroStrategy’s recent Bitcoin success has led to a large increase in its share price, as MSTR soared by more than 27% in the past month, greatly outperforming Bitcoin.

Bitcoin has been fueled by the recent change in U.S. political leadership and the Federal Reserve's second interest rate cut this year. While in September, Jerome Powell announced a 50-basis-point reduction, this time, the Fed cut rates by 25 basis points. Still, this rate cut catalyzed Bitcoin’s large and fast price increase, with roughly four new all-time highs reached within a single week.

Besides, Bloomberg Intelligence's chief commodity strategist Mike McGlone tweeted on Monday that Bitcoin’s correlation to the S&P 500 index over the past 60 days has surged to 0.6 (unlike that of gold), which suggests that BTC’s current price surge may also be attributed to the rising stock market.

Source: Investing.com

Последние публикации
RWA Inc Announces $RWA Token Launch Across Major Exchanges on November 25, 2024
23.11.2024 - 22:00
'Rich Dad Poor Dad' Author: 'I'm Following Saylor's Tactical Bitcoin Investment Plan'
23.11.2024 - 15:00
EOS Climbs 16% In Bullish Trade
23.11.2024 - 04:00
SEC Boss Gensler Announces When He's Stepping Down, Crucial Bitcoin Buy Warning Issued by Samson Mow, Shiba Inu Could be on Verge on Breakout: Crypto News Digest by U.Today
22.11.2024 - 22:00
Pepeto’s $600K Presale Highlights Vision for Supporting Memecoins Ahead of 2025
22.11.2024 - 21:00
XRP on Verge of Bitcoin Golden Cross: Details
22.11.2024 - 20:00
Bitcoin (BTC) Hashrate Skyrockets to Historic High: Details
22.11.2024 - 20:00
Cardano (ADA) Targets $1: Bitcoin Could Make or Break It
22.11.2024 - 18:00
Extreme Greed Dominates Crypto Market
22.11.2024 - 17:00
Bitcoin up 500% Since Historic Crash Below $16,000 Two Years Ago
22.11.2024 - 16:00
Bitcoin price today: steadies at $97.5k after nearly hitting $100k milestone
22.11.2024 - 16:00
Sui Foundation Enters into Strategic Partnership with Franklin Templeton Digital Assets
22.11.2024 - 16:00
Elon Musk’s Meme Alert Sparks Crypto Community’s Heated Reaction: Details
22.11.2024 - 16:00
Peter Schiff Reveals Who Pumped Bitcoin (BTC) to $99,180
22.11.2024 - 15:00
Paribu Announces Digital Asset Custody Service for Institutional Clients Worldwide
22.11.2024 - 14:00

© Analytic DC. All Rights Reserved.

new
Анализ рынка Как повлият завтра отчет NFP на курс доллара США?