As a seasoned crypto investor with a knack for navigating market volatility, today’s trading session has been a rollercoaster ride. The early morning surge of MicroStrategy (MSTR) shares due to Bitcoin’s rally was a promising start, but the subsequent dip is a reminder that even the mighty can falter.
The stock of MicroStrategy (MSTR) is having a rather volatile trading session.
Initially, the company’s stocks began trading about 10% above their initial price point, primarily because of Bitcoin‘s latest surge. But currently, these stocks have dropped approximately 2.5%.
MSTR then ended up slipping to as low as $392 after hitting an intraday high of $444.
According to U.Today’s report, the top corporate Bitcoin owner has just purchased an additional 1.5 billion dollars’ worth of Bitcoin. Now, their total Bitcoin assets exceed 40 billion dollars.
This afternoon, Bitcoin reached an unprecedented high of $103,679, however, it’s now seen a slight decrease and is being traded at around $100,840.
Most cryptocurrency-linked stocks are experiencing a downturn at present, as Bitcoin has been unable to sustain its upward trend following the reopening of the U.S. stock market.
The shares of Coinbase (COIN) are down by 0.44%. Marathon Digital (MARA) is also down by 0.5%.
At the moment of reporting, the Nasdaq 100, often closely linked with Bitcoin, has experienced a rise of 0.072%.
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2024-12-05 20:40