Bitcoin flirts with all-time high as rally continues
Meanwhile, Strategy celebrated the fifth anniversary of its first bitcoin buy on Sunday.
Bitcoin continued to rally over the weekend, flirting with an all-time high around 2 a.m. ET Monday morning and passing the $122,000 mark, nearing the previous high of over $123,000 on July 14.
Bitcoin and other cryptocurrencies have been boosted by last week’s executive order, which allows crypto to be included in retirement plans.
Bitcoin ETFs, which saw outflows early last week, reversed that trend later to end the week with $260 million in inflows, according to CoinShares.
Dean Chen, an analyst at Bitunix Exchange, said that bitcoin is currently in a wait-for-confirmation phase. “Closely monitor tomorrow’s CPI release and Moody’s follow-up reports, as sudden macro headlines could instantly shift market direction,” Chen said.
Strategy celebrated the fifth anniversary of its first bitcoin purchase (21,454 bitcoin on August 10, 2020). And what better way to celebrate than to add more bitcoin? The uber stockpiler acquired 155 bitcoin for $18 million. Strategy, the largest corporate bitcoin holder, now holds 628,946 bitcoin.
French semiconductor company Sequans Communications acquired 13 bitcoin and now holds 3,171.
Capital B acquired 126 bitcoin. The French company now holds 2,201 bitcoin.
