Bitcoin Price at $94K, Despite Microstrategy Buying?

Today, the cryptocurrency market is going through a consolidation phase, with the total market cap falling slightly by 0.95% to $3.32 trillion. This led to a positive increase in trading volume by 2.05% to reach $152.63 billion, indicating increased interest from market players. Speaking of the Fear and Greed Index, the gauge now shows a neutral score of 54, highlighting a cautious environment.

BTC Price Hits $94K, Despite Buying Microstrategy?

The price of Bitcoin at the time of writing has fallen by 1.17% in the past day to $94,408.15. However, 24-hour trading volume increased significantly by 20.17% to $58.73 billion. However, Bitcoin ETFs showed an outflow of $276 million, with the top runners being ARK & 21Shares with $87 million, followed by Fidelity and Grayscale.

While Bitcoin wanes in rough waters, institutional investment has been on the rise. Microstrategy continues to take a bullish stance on Bitcoin, with its recent acquisition of 15,350 BTC. The token cryptocurrency hitting a low despite Microstrategy’s purchase has sparked discussions among marketers.

For insights into the future of Bitcoin, explore our website Bitcoin price forecast.

Altcoins Shine Despite Bitcoin’s Decline?

Ethereum price rose 3.20% on the daily charts to $3,426.68, while Solana recorded a 3.56% rise to $191.40. XRP also mirrored other altcoins, posting a 2.72% increase to $2.26. The upward trend of the top altcoins has led to enthusiasm among altcoin holders.

For detailed analysis of Ethereum, check out our website Ethereum price prediction.

Top winners:

Default: $3.14 +23.69%

AVI: $376.86 +15.06%

Hype: $29.81 +14.04%

Biggest losers:

XMR: $187.41 -2.29%

ENA: $1.06 -1.45%

Bitcoin: $94,436.48 -1.16%

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