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Title: Bitcoin Hits $106K for the First Time as Total Crypto Market Cap Approaches $4 Trillion
Bitcoin has reached a new milestone by surpassing the psychological barrier of $106,000 for the first time. Meanwhile, the overall cryptocurrency market capitalization is approaching $4 trillion.
As per reports, MicroStrategy’s (MSTR) shares surged 8% in pre-market trading, likely fuelled by the speculation that the company is once again purchasing a significant amount of Bitcoin. This comes amid Peter Schiff, a well-known Bitcoin skeptic, suggesting that it would not be surprising if he was right about this prediction.
In his latest statement, Schiff emphasized that “it’s happened the last five Mondays in a row,” hinting at a potential trend in the market.
The rise of Bitcoin prices is remarkable, considering the past year’s performance.
Source: u.today
