Major cryptocurrencies popped in value on Wednesday evening after MicroStrategy (MSTR), bought an additional 14,620 BTC for roughly $615.7 million.
| Cryptocurrency | Gains +/- | Price (Recorded 9:30 p.m. EST) |
| Bitcoin (CRYPTO: BTC) | +2.37% | $43,417 |
| Ethereum (CRYPTO: ETH) | +8.34% | $2,411 |
| Dogecoin (CRYPTO: DOGE) | +3.43% | $0.094 |
What Happened: The Executive Chairman of Microstrategy, Michael Saylor, on Wednesday, tweeted that the company has acquired the bitcoin at an average price of $42,110 per unit.
MicroStrategy has acquired an additional 14,620 BTC for ~$615.7 million at an average price of $42,110 per #bitcoin. As of 12/26/23, @MicroStrategy now hodls 189,150 $BTC acquired for ~$5.9 billion at an average price of $31,168 per bitcoin. $MSTR https://t.co/PKfYY59sTW
— Michael Saylor⚡️ (@saylor) December 27, 2023
This purchase has increased the company’s holdings to 189,150 BTC, valued at around $5.9 billion, with each BTC bought at an average price of $31,168.
Top Gainer (24 Hour)
| Cryptocurrency | Gains +/- | Price (Recorded 9:30 p.m. EDT) |
| Bitcoin SV (CRYPTO: BSV) | +51.86% | $75.95 |
| Arbitrum (CRYPTO: ARB) | +26.75% | $1.64 |
| Aave (CRYPTO: AAVE) | +23.69% | $124.39 |
The global crypto market cap has reached $1.67 trillion, marking a 0.37% increase in the last 24 hours.
The S&P 500 climbed 0.14% to close at 4,781.58, and the Nasdaq Composite added 0.16% to end the day at 15,099.18 on Wednesday.
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Analyst Notes: Cryptocurrency analyst, Michael Van de Poppe, suggests that Ethereum’s key level of support is at $2,150 “and is ready to continue the upwards path. Likely, we’ve been bottomed on the $ETH / $BTC pair and have peaked on the Bitcoin dominance.”
#Ethereum holds crucial level at $2,150 and is ready to continue the upwards path.Likely, we’ve been bottomed on the $ETH / $BTC pair and have peaked on the Bitcoin dominance. pic.twitter.com/51qH96peeI
— Michaël van de Poppe (@CryptoMichNL) December 27, 2023
As per crypto analyst Crypto Tony “If you are looking for a long, remember that we need to reclaim $44,300.”
$BTC / $USD – Update If you are looking for a long, remember that we need to reclaim $44,300 pic.twitter.com/hvMNL9PmqN
— Crypto Tony (@CryptoTony__) December 27, 2023
Another pseudonymous analyst Crypto Kaleo said, ” Ethereum looks primed to make a major…
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