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MicroStrategy Posts Q1 Profit, Reaffirms Commitment to Bitcoin Investment Strategy
MicroStrategy, a business intelligence platform, has reported a profit of $94 million in the first quarter of 2023, marking its first quarterly...
Image source: Shutterstock / Trijo News
Before the weekend, the bitcoin price is above $10,000. The question now is whether the world's biggest cryptocurrency will continue upward or if the price instead will fall back to a four-digit level.
Although bitcoin has struggled around the $10,000 level lately, the world’s biggest cryptocurrency is showing green numbers over the past 24 hours.
According to numbers from Bitstamp, the price has remained steadily above $10,000 for the past 24 hours.
During Friday afternoon (CEST), the prize also got a new push upwards. At the time of writing, a bitcoin is trading at around $10,400, which is several hundred dollars from the last bottom level of $9,755 that we saw on the night to Thursday. The increase from this is about 6.6 percent.
Bitcoin’s total market cap has also increased from $175 billion to $184 billion in recent days. This is an increase of over five percent.
Bitcoin currently accounts for 68.5 percent of the total market value for all cryptocurrencies, according to Coinmarketcap.
Also, read about the analysts who warn of a price dump like the one that happened in 2018.
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