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Bitcoin has surpassed the $122k mark, as the market continues to show strength and resilience amidst a backdrop of inflationary pressures easing. This significant milestone is a testament to the unwavering commitment of bulls, who have been instrumental in pushing the price beyond all expectations.
The current trend indicates a rising channel, which further underscores the growing confidence and optimism among investors and traders alike. As we continue to navigate this turbulent landscape, it’s essential to recognize that the recent drop in inflation rates has undoubtedly played a crucial role in fueling this upward momentum.
Metaplanet, a Japanese public firm commonly referred to as Japanese MicroStrategy, continues its relentless accumulation of Bitcoin (BTC). The company has recently made a bold move by acquiring 797 BTC for approximately $93.6 million at an average cost per coin of $117,451.
Source: cryptotale.org
