Coinspeaker
Bitcoin (BTC) Price Eyes New All-Time High after Rally to $60K, ETH Crosses $3,300
Bitcoin’s mega bull run continues further with the world’s largest cryptocurrency surging all the way to $60K. As of press time, the Bitcoin price is up by another 5% trading at $59,254 with a market cap of $1.16 trillion. Just over the last three days, the BTC price has gained 17% adding over $120 billion to its market cap.
Bitcoin’s surge in price follows closely on the heels of MicroStrategy’s recent acquisition of an extra 3,000 BTC. The $155 million purchase occurred between February 15th and 25th, with an average price of $51,813. As of date, MicroStrategy holds $10 billion worth of Bitcoins in the company’s reserves.
The recent purchase by MicroStrategy, as highlighted by Mikkel Morch, founder of ARK36, is primarily driving this rally, marking a significant institutional endorsement of Bitcoin. Morch added:
“This rally is not just numbers on a chart; it’s a d
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