Rally on the cryptocurrency market resumed after a brief pause. Bitcoin gains over 5% and climbs above $66,000 mark for the first time since mid-November 2021. The most famous cryptocurrency is trading just 3-4% below its all-time highs reached in early-November 2021. A still-strong demand for Bitcoin ETFs is supporting sentiment towards digital assets. Continued gains on cryptocurrency market are providing fuel for share price gains on crypto-linked stocks.
MicroStrategy (MSTR.US) is an outperformer among US crypto stocks today, with company's share price surging around 19% at press time. If maintained until the end of today's trading, this would be the biggest single-day jump for the stock since late-May 2022. While MicroStrategy is the US business intelligence company, it is mostly associated with its massive Bitcoin holdings, which now amount to around 193 thousand Bitcoins.
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MicroStrategy (MSTR.US) surges around 19% and has even briefly traded above 2021 highs today. Source: xStation5
MicroStrategy makes the biggest single-day jump since late-May 2022. Source: Bloomberg Finance LP, XTB Research
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