Arincen - Cryptocurrency prices rose collectively during trading today, Tuesday, supported by the strong rise in the price of Bitcoin, which surpassed the $105,000 level.
The company "Strategy" announced in an official disclosure that it has acquired 7,390 units of Bitcoin, with a total value of $764.9 million, at an average price of $103,498 per unit, enhancing its advanced gains as one of the largest and most important institutional investment entities in the cryptocurrency field.
Following this disclosure, the company’s total holdings of Bitcoin rose to 576,230 units, bringing its current market value to $59 billion.
On the other hand, the cryptocurrency market received a strong boost following the White House's announcement at the beginning of last week of a trade agreement with China, which helped calm the markets and improve investor sentiment, leading to increased interest in risky assets once again.
During today’s session, Bitcoin recorded an increase of about 2.05% reaching a price of $105,793, bringing its weekly gains to 3.94%.
The market value of the world’s most famous cryptocurrency has increased to $2.11 trillion, while its trading volume in the last 24 hours has risen to $61.04 billion.
As for the prices of other cryptocurrencies, the price of Ethereum increased by about 7.14% to be traded at $2,555, while the price of Binance Coin rose by about 1.86% to reach $650.
The price of Cardano rose by 1.84% to reach $0.7420, while the price of Ripple increased by about 1.37% to reach $2.3819.
Dogecoin recorded an increase of about 2.71% reaching a price of $0.225848.
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