Bitcoin (BTC) continues to rise by breaking through the 108,000 dollar resistance line. While BTC prices were once pushed below 100,000 dollars due to geopolitical risks from the Middle East, Michael Saylor, co-founder of MicroStrategy, is raising market expectations by suggesting BTC purchases for the 11th consecutive week.
According to CoinMarketCap, a global virtual asset market site, BTC was traded at 108,099.5 dollars as of 8 am on the same day. This is a 0.66% increase from the previous day. BTC, which had fallen below 100,000 dollars due to tensions between Israel and Iran in early last week, has rebounded by about 8% after a ceasefire agreement between the two countries.
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Major altcoins are also showing a concurrent upward trend. Ethereum (ETH) recorded 2,500.67 dollars, up 2.42%. XRP rose 1.36% from the previous day, trading at 2.216 dollars per coin. Solana (SOL) recorded 153.08 dollars, up 1.42%.
At the domestic exchange Bithumb, BTC recorded 147,826,000 won, up 0.41% from the previous day. ETH rose 2.54% to 3,430,000 won, and XRP rose 0.97% to 3,026 won.
As the virtual asset market shows a rebound, Michael Saylor, co-founder of MicroStrategy, the world's largest BTC holding company, once again suggested BTC purchases. On the 29th, he shared the company's BTC holdings chart on his X account, stating, "In 21 years, you will regret not buying (BTC) more."
If MicroStrategy purchases BTC this week, it will set a record of 11 consecutive purchases since April 14. The most recent purchase was on June 23rd, buying 245 BTC for 26 million dollars (approximately 35.4 billion won). The total holdings are 592,345 BTC, with an estimated value of about 63.6 billion dollars (approximately 86.7504 trillion won).
The overall market investment sentiment continues to be positive. The Fear and Greed Index from alternative asset data analysis company Alternative.me recorded 68 points, up 3 points from the previous day, indicating a 'greed' state. This index means that the closer to 0, the more contracted the investment sentiment, and the closer to 100, the more overheated the market.
- Reporter Kim Jung-woo
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