Bitcoin surpasses critical level again

Bitcoin's surpassing of the 111 thousand dollar level on Monday created a positive atmosphere in the cryptocurrency market. This rise has increased hopes that the fluctuations in the market are temporary.

This increase in Bitcoin also reflected positively on the shares of companies such as MicroStrategy. MicroStrategy announced that it purchased 168 Bitcoins between October 13-19 at an average price of 112,051 dollars. It was stated that the company owns a total of 640,418 Bitcoins and the total cost of these assets is 47.4 billion dollars.

Shares of cryptocurrency trading platforms Robinhood and Coinbase also rose by 4.5 percent and 2.5 percent, respectively. Stablecoin issuer Circle gained 3.5 percent in value as momentum in the digital asset market increased.

Bitcoin mining company MARA Holdings recorded a 6 percent increase thanks to its expansions in HPC data centers and artificial intelligence. Among other mining companies, Bit Digital (BTBT) rose by 15 percent, while Cipher Mining (CIFR) rose by 6 percent.

News Source: 12punto