This surge was significantly boosted by MicroStrategy's acquisition of 15,350 Bitcoin for $1.5 billion, bringing its total holdings to 439,000 BTC.
Bitcoin Surges Past $107,000 as MicroStrategy Adds 15,350 BTC
Bitcoin has surged past the $107,000 threshold on Thursday, setting a new all-time high. This recent surge was largely driven by news of MicroStrategy’s acquisition of 15,350 Bitcoin for $1.5 billion, increasing its total holdings to 439,000 BTC.
According to data from CoinGecko, Bitcoin began the day at $104,130 before rising to a peak of $107,243. At the time of writing, the leading cryptocurrency trades at around $106,983, showcasing a 0.4% gain over the past 24 hours.
This latest surge in Bitcoin price has sparked speculation among analysts regarding the possibility of the cryptocurrency gaining official recognition. Some speculate that Bitcoin could be recognized as a reserve asset.
Meanwhile, XRP is also making headlines as Ripple prepares to launch its RLUSD stablecoin on Thursday. This stablecoin will be pegged to the U.S. dollar and is designed to facilitate faster payments.
In other news, Chainlink has surged by 25% this week, approaching potential new price targets. Some analysts predict a rise to $60, while others remain cautious.
Finally, decentralized finance (DeFi) is seeing new innovations, with Ether.fi proposing to allocate 5% of protocol income for purchasing and distributing ETHFI tokens to stakers.
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