From Barchart: 2025-04-21 11:18:00

Bitcoin surged 3.52% to $87,348.17, boosted by institutional buying and positive macroeconomic sentiment. Over the past week, it’s up 3.9% and 3.91% in the last month.

MicroStrategy added 6,556 BTC, totaling $555.8 million at an average of $84,785 per coin. It now holds 538,200 BTC, valued at $46.8 billion, making it the largest corporate holder of Bitcoin.

The company funded the purchase through stock sales, raising $555.5 million. BTC’s rise above $87,000 reflects global macro shifts, with the U.S. Dollar Index dropping to a three-year low of 98.00.

Gold hit all-time highs above $3,400 per ounce, signaling renewed correlation with Bitcoin as a hedge against declining dollar value. Matrixport highlighted Bitcoin’s potential as a hedge for American investors.

Coindesk suggests Bitcoin could face limited resistance below $90,000, with thin supply clusters in that range. Continued momentum could lead to new highs before profit-taking occurs.

Read more: Bitcoin Surges Past $87K As Strategy Expands Holdings And Dollar Weakness Fuels Hedge Appeal