Bitcoin is witnessing a tough battle between the bulls and the bears, but the buyers remain in control as long as the price remains above $85,000.
Bitcoin (BTC) is attempting to start the new week on a positive note by rising above the $92,000 resistance. The sharp rally of the past few days has not deterred the long-term bulls from buying more Bitcoin. MicroStrategy announced on Nov. 18 that it had acquired 51,780 Bitcoin for roughly $4.6 billion at an average price of $88,627. That takes MicroStrategy’s total haul of Bitcoin holdings to 331,200 Bitcoin.
Paul Tudor Jones is another famed investor who has increased exposure to Bitcoin. The billionaire investor added $130 million worth of BlackRock’s spot Bitcoin exchange-traded funds shares in the third quarter, boosting his fund’s Bitcoin holdings to $160 million.
Daily cryptocurrency market performance. Source: Coin360