The Price of Bitcoin Remains Stable
The price of Bitcoin (BTC) has remained relatively stable on Thursday, with no significant changes. As of 11:35 a.m. ET, BTC is trading at $37,652, according to data from The Block. Despite its stability, the world’s largest digital asset has seen a 10% increase over the past month and an impressive 122.8% increase over the past year.
MicroStrategy’s Bitcoin Holdings
MicroStrategy, a prominent public company, has been actively investing in Bitcoin. You can see their latest holdings in the embedded chart below:
About the Author
MK Manoylov has been a reporter for The Block since 2020. With a focus on NFTs, metaverse, web3 gaming, funding, crime, hacks, and the crypto ecosystem, MK has written nearly 1,000 articles for the publication. MK holds a graduate degree from New York University’s Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. Follow MK on Twitter @MManoylov and connect on LinkedIn.
Hot Take: The Stability of Bitcoin
The current stability of Bitcoin’s price indicates a period of consolidation after recent gains. While it may seem uneventful to some traders, stability is an essential aspect of any mature market. It allows for a solid foundation to be built before the next significant movement. The consistent growth of Bitcoin over the past month and year demonstrates its resilience and attractiveness as a long-term investment. As more companies like MicroStrategy continue to invest in Bitcoin, the overall market confidence in cryptocurrency strengthens. This stability sets the stage for potential future growth and adoption of digital assets.
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