📈 Bitcoin Recovers Above $106k
Bitcoin rose by 1.3% over the past 24 hours, reaching around $106,800, supported by a recovery in the stock market with the S&P 500 index rising by 0.5%.
According to analysts like Kathleen Brooks, the price may remain above $100k as long as geopolitical tensions in the Middle East do not escalate.
🌐 Market Strengthens Gains
The total market capitalization of crypto saw an increase of about 0.87% to reach $3.31 trillion, with confidence stabilizing amid global uncertainty.
🏢 Companies Borrowing to Buy Coins
There is a growing trend among public companies to employ convertible debt to purchase Bitcoin, inspired by MicroStrategy's experience. About 61 companies are adopting this strategy, and it is assumed that a price increase above $90k would allow for profits, while a drop would be a significant risk.