Investments by institutional companies in Bitcoin have always been significant. In the past, Tesla made large purchases but later sold some of its holdings. Another major player, Microstrategy, is also known for its large acquisitions. Recently, news emerged that another giant company made a purchase.
Bitcoin Purchase Completed
Recently, ETFs have shown that institutional companies are increasingly interested in the market. In addition to this, direct purchases by companies have continued. One such purchase was made in the last few hours, with Marathon Digital announcing a $100 million BTC acquisition.
The purchase, valued at $100 million, included approximately 1,560 BTC. This acquisition, made during a period of market uncertainty, can be seen as a move to encourage individual investors. Following the purchase, attention turned to the BTC price.
What is Bitcoin’s Current Price?
The US GDP was expected to be 2% but came in at 2.8%, turning all eyes to BTC. Initially, the BTC price remained stable but then started to decline, and it currently appears to have fallen below $64,000.
After a 3.43% price drop in the last 24 hours, BTC is trading at $63,985. The price movement in the last hour was 0.29%, while the 7-day outlook indicated a 1.38% decline. This price trend reflects that many of the gains following the recent assassination attempt on Donald Trump have been erased.
BTC’s market cap fell to $1.262 trillion, while the total market cap dropped to $2.31 trillion. However, BTC’s 24-hour trading volume increased. Following the rise, the volume reached $35.8 billion, indicating continued interest in BTC.
