MicroStrategy Hits All-Time High Price After Bitcoin Tops $98,000 - Decrypt
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MicroStrategy Hits All-Time High Price After Bitcoin Tops $98,000
Bitcoin's largest corporate treasury holder opened at an all-time high, then fell, then rebounded after BTC swung closer to $100K than ever. MicroStrategy (MSTR) opened to yet another all-time high on Thursday as the price of Bitcoin
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Summary
- 🚀 MicroStrategy (MSTR) reached an all-time high as Bitcoin surged past $98,000.
- 📉 The stock experienced a sharp drop of over 18% shortly after opening.
- 🔄 MSTR rebounded after the initial decline, reflecting the volatility in the market.
- 📈 Wall Street is adjusting to high expectations for crypto-related stocks amid Bitcoin's rise.
- 🗳️ The surge in Bitcoin prices follows a significant post-election rally.
Top Highlights
- MicroStrategy Hits All-Time High Price After Bitcoin Tops $98,000 Bitcoin's largest corporate treasury holder opened at an all-time high, then fell, then rebounded after BTC swung closer to $100K than ever.
- MicroStrategy (MSTR) opened to yet another all-time high on Thursday as the price of Bitcoin itself surged to a fresh peak above $98,000. But MSTR shortly thereafter dove over 18% before recovering, with such volatility arriving as Wall Street adjusts to massive expectations for crypto stocks, fueled by Bitcoin’s meteoric post-election surge.
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