2021-9-13 17:45 |
Business intelligence company MicroStrategy has purchased an additional 5,050 Bitcoin worth nearly $243 million in cash.
MicroStrategy now holds a total of 114,042 Bitcoin, acquired for $3.16 billion at an average price of $27,713 BTC.
This latest purchase was made at an average price of $48,099 per BTC.
As of writing, BTC/USD is trading around $43,500 in a volatile start to the week. September started on a positive note as it moved up from about $47k to nearly $53k last Tuesday, the day El Salvador officially adopted Bitcoin as legal tender alongside the US dollar.
But the very same day, BTC/USD fell to about $42,850. And since then, the market has been oscillating between $43k and $47k. As of writing, BTC is trading around $44,000.
In line with this, Ethereum (ETH) slid down to nearly $3,100 before making its way to $3,200 and the total crypto market cap is around $2 trillion.
ETH -6.41%
Ethereum / USD
ETHUSD
$ 3,201.57
-$205.22
-6.41%
Volume 22.1 b
Change -$205.22
Open $3,201.57
Circulating 117.51 m
Market Cap 376.21 b
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It is possible the losses recorded by the crypto market were due to a fake announcement regarding that retail giant Walmart accepting the cryptocurrency Litecoin (LTC) for payments from shoppers. A Walmart spokesperson has confirmed that the press release is not authentic.
LTC/USD jumped 35% on the news to as high as $238 only to tumble down to $180.
LTC -2.00%
Litecoin / USD
LTCUSD
$ 180.28
-$3.61
-2.00%
Volume 7.52 b
Change -$3.61
Open $180.28
Circulating 66.75 m
Market Cap 12.03 b
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MSTR share prices dropped in tandem to about $600, on a decline since early August and down 54% from the all-time high of $1,315 hit in early February.
Bitcoin BTC $ 44,344.83 +0.66% -3.38% -14.11% baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=BTC&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); See Details The post Bitcoin Drops to ,500 as MicroStrategy Buys Another 5,050 BTC at Average Price of Over k first appeared on BitcoinExchangeGuide.Similar to Notcoin - TapSwap on Solana Airdrops In 2024
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