#Can BTC Break 90K? Bitcoin rose on Tuesday, exceeding the $90,000 level for the first time since the beginning of March.
This recovery came after the holiday rally triggered by increased buying activity from Michael Saylor's Strategy, following a cooling of emotions. Markets are also evaluating the growing criticism of the Federal Reserve from U.S. President Donald Trump.
Overall risk appetite remained limited due to persistent concerns about the economic impact of Trump's trade tariffs as the U.S. engages in a brutal trade war with China. Broader crypto prices also rose on Tuesday, but gains were limited. The world's largest cryptocurrency benefited from Strategy adding more Bitcoin to its treasury.
Bitcoin rose to $90,087.0 with an increase of 2.2% as of 17:10 Turkey time.
Saylor's strategy bought 555 million dollars worth of Bitcoin According to a statement made on Monday, Strategy (NASDAQ:MSTR), the world's largest institutional Bitcoin holder, purchased 6,556 coins worth approximately $555.8 million.
This purchase increased Strategy's total Bitcoin assets to 538,200 coins and was financed using stock offerings. This strategy has financed a large portion of the company's coin assets.
More buying activity coming from Strategy has helped to improve some sentiments towards Bitcoin. However, the cryptocurrency continues to decline from the record levels it reached earlier this year. Bitcoin is also trading at a 5.6% drop so far in 2025. This situation stems from uncertainty regarding Trump’s policies.
Strategy had reported that there were approximately 6 billion dollars in unrealized losses in digital asset holdings at the beginning of April. This announcement had shaken the crypto markets.
Bitcoin ETFs are seeing the strongest daily inflow in nearly three months. Spot Bitcoin ETFs saw nearly the strongest single-day inflow in almost three months on Monday. This indicates that institutional interest has returned after a period of calm demand.
According to data from Farside Investors, the fund group achieved a total net inflow of 381.3 million dollars. This is the highest daily total since January 30.
ARK 21Shares' ARKB led the gains with a new capital of $116.13 million. It was followed by Fidelity's FBTC, which attracted $87.61 million. IT IS NOT INVESTMENT ADVICE
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#Can BTC Break 90K? Bitcoin rose on Tuesday, exceeding the $90,000 level for the first time since the beginning of March.
This recovery came after the holiday rally triggered by increased buying activity from Michael Saylor's Strategy, following a cooling of emotions. Markets are also evaluating the growing criticism of the Federal Reserve from U.S. President Donald Trump.
Overall risk appetite remained limited due to persistent concerns about the economic impact of Trump's trade tariffs as the U.S. engages in a brutal trade war with China. Broader crypto prices also rose on Tuesday, but gains were limited. The world's largest cryptocurrency benefited from Strategy adding more Bitcoin to its treasury.
Bitcoin rose to $90,087.0 with an increase of 2.2% as of 17:10 Turkey time.
Saylor's strategy bought 555 million dollars worth of Bitcoin
According to a statement made on Monday, Strategy (NASDAQ:MSTR), the world's largest institutional Bitcoin holder, purchased 6,556 coins worth approximately $555.8 million.
This purchase increased Strategy's total Bitcoin assets to 538,200 coins and was financed using stock offerings. This strategy has financed a large portion of the company's coin assets.
More buying activity coming from Strategy has helped to improve some sentiments towards Bitcoin. However, the cryptocurrency continues to decline from the record levels it reached earlier this year. Bitcoin is also trading at a 5.6% drop so far in 2025. This situation stems from uncertainty regarding Trump’s policies.
Strategy had reported that there were approximately 6 billion dollars in unrealized losses in digital asset holdings at the beginning of April. This announcement had shaken the crypto markets.
Bitcoin ETFs are seeing the strongest daily inflow in nearly three months.
Spot Bitcoin ETFs saw nearly the strongest single-day inflow in almost three months on Monday. This indicates that institutional interest has returned after a period of calm demand.
According to data from Farside Investors, the fund group achieved a total net inflow of 381.3 million dollars. This is the highest daily total since January 30.
ARK 21Shares' ARKB led the gains with a new capital of $116.13 million. It was followed by Fidelity's FBTC, which attracted $87.61 million.
IT IS NOT INVESTMENT ADVICE