Bitcoin is trading down 2.3% and is around $95,000 while Ethereum is at $3,300, despite good news from MicroStrategy.
The cryptocurrencies decline across the board this Thursday, December 26, with drops of up to 7% led by Hedera, followed by Stellar (-6.5%) and Chainlink (-5.8%). Meanwhile, Bitcoin trades down 2.3% and is around $95,000 while Ethereum is at $3,300. These falls appear despite good news linked to MicroStrategy that plans to issue more shares to finance the purchase of cryptocurrencies.
MicroStrategy, one of the news of the week
In December, The company completed three rounds of acquisitions, purchasing a total of 42,162 bitcoins worth more than $4 billion at current prices. Additionally, MicroStrategy has filed an application with the US SEC to significantly increase its ability to issue shares. According to its 21/21 Plan, presented in October, the company seeks to invest up to $42 billion in bitcoin over the next three years.
bitcoin cryptocurrencies
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As for the price of bitcoin, it is currently around US$95,000 after having fallen below US$100,000 last week, after it was learned that the US Federal Reserve foresees a slowdown in interest rate cuts. Bitcoin rebounded approximately 6.5% from its December 23 low of $92,458, although It is still far from its historical record of US$108,275 reached on December 17. Analysts suggest that its upside potential remains limited.
In terms of annual performance, bitcoin continues to show a notable increaseprojecting an advance of 134% in 2024.
Source: Ambito
