Bitcoin Price Explodes Toward $60K as MicroStrategy Ships Massive BTC Buy: This Week’s Recap

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Bitcoin Price Explodes Toward $60K as MicroStrategy Ships Massive BTC Buy: This Week’s Recap
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The past 24 hours saw the cryptocurrency market expand its capitalization by more than $110 billion, pushing for the $2.2 trillion mark. This comes on the back of gains from Bitcoin, Ethereum, BNB, and most of the remaining altcoins.Bitcoin’s price increased by a whopping 11.5% in the past seven days. Traders are currently battling with the pivotal psychological and technical resistance level at $60,000, charting an increase of around 2.6% today alone.

The altcoin market is also performing impressively. Ethereum is charting gains upwards of 8%, BNB is up more than 13%, SOL – more than 9%, and so forth.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:It’s worth noting, though, that this renewed rally didn’t come without a good reason.

Donald Trump – the former US President and the current presidential candidate from the Republican Party – just announced that he will be launching a digital currency platform called World Liberty Financial. It will feature a digital wallet, a credit account system, as well as lending options operating with stabelcoins.

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