Crypto Currency News

Bitcoin Price Resists above $46K

Bitcoin opened the day on Tuesday without major shocks

Bitcoin opened the day on Tuesday without major shocks, and remains above USD 45K. The leading cryptocurrency is holding up after a key level following the weekend halving, and is attempting to get strong again to head the way to $50K. At press time, the price of BTC is $45,793.

The big news of the day in the crypto ecosystem was the new multi-million dollar investment from MicroStrategy, the software firm led by crypto benchmark Michael Saylor. As he announced to the CEO on his social networks, he bought 4,167 BTC when it was listed at USD 45,714, which represented a total of 190 million dollars.

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In this way, MicroStrategy accumulates a total of 129,218 cryptocurrencies in its treasury, for which its crypto capitalization amounts to more than 5.8 billion dollars. Since it began investing in the market, the firm has invested almost 4 billion dollars; at current prices, the profit is almost 50%.

Another of the news that has resonated the most in the crypto community in recent hours was the purchase of Twitter shares by Elon Musk. The CEO of Tesla became the main partner of the company founded by Jack Dorsey, with 9.2% of the total shares.

In this way, expectations are growing in the crypto ecosystem due to the merger of two technological benchmarks with great ambitions in the market. The incorporation of cryptocurrencies such as bitcoin (BTC) or dogecoin (DOGE) to twitter projects excites many specialists and investors, who see there an upward potential for the medium term.

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Altcoins

On the other hand, the rest of the main cryptocurrencies in the market had a bullish day, with the exception of Cardano (ADA) which fell 2.6% in the last 24 hours and is currently trading at USD 1.19.

Benchmark altcoin Ether (ETH) is up less than 1% and slowly climbing above $3,450. The second largest cryptocurrency by capitalization was the one that best resisted last weekend’s correction and managed to stay close to USD 3.5K.

Dogecoin (DOGE) was the big surprise of the day. Motivated by the purchase of Elon Musk shares on Twitter, the meme cryptocurrency is up 11% in the last 24 hours and is currently trading at $0.16. Terra (LUNA) and Binance coin (BNB) continued with increases of 4% and 2%, respectively, and are located at USD 116 and USD 449. XRP and Litecoin (LTC) practically did not move and continue above USD 0.82 and USD 124.

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