#Bitcoin❗ Approaching the $100,000 mark: Sharks accelerate buying, the US is about to introduce new regulations!
Investing.com — Bitcoin rose slightly on Tuesday, stabilizing after a strong recovery last week as capital continuously flowed into ETFs, with more coins being purchased by Michael Saylor's Strategy, and positive comments on regulations in the US boosted the cryptocurrency market.
Market sentiment was also supported by the announcement from the White House that President Donald Trump is considering some concessions on auto tariffs to mitigate the impact on the US economy. This has increased hopes for further easing of tensions in Trump's broader tariff program.
Bitcoin rose 0.9% to $94,922.0 at 09:12 ET (13:12 GMT), after previously climbing to $95,436.8 earlier in the trading session. The world's largest cryptocurrency is nearing a two-month high, with expectations of breaking the $100,000 threshold.
Strategy purchases an additional $1.4 billion in Bitcoin
Strategy (NASDAQ:MSTR) (formerly MicroStrategy) announced the purchase of 15,355 Bitcoin with a total value of $1.42 billion. The company acquired these coins between April 21 and April 27, according to an announcement on Monday.
This purchase has increased the total number of Bitcoin held by Strategy to 553,555 coins, solidifying its position as the largest Bitcoin-holding company.