Bitcoin hits new all-time high of over $98,000, MicroStrategy's Michael Saylor excited

From Investing.com
November 21, 2024 3:30:19 pm:

Bitcoin, the largest cryptocurrency, hits a new all-time high of over $98,000, prompting excitement from MicroStrategy’s Michael Saylor. MicroStrategy holds 331,200 BTC acquired for $16.5 billion. Coinbase stock rises 3% and MicroStrategy, a Bitcoin proxy, rises 11%. Bitcoin sets records since November, with recent surge due to increased funding rates and open interest in futures market. Short liquidations total $95 million in the last 24 hours, propelling price higher. Bitcoin has increased by over 130% in 2021.

Read more at Investing.com: Michael Saylor Reacts to Bitcoin’s Surge Past $98,000 By U.Today