$BTC Bitcoin has risen by 1.3% in the past 24 hours, reaching around $106,800, supported by the recovery of 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.
š Market Strengthens Gains
The total market capitalization of crypto saw an increase of about 0.87% to reach $3.31 trillion, amid stabilized confidence despite global uncertainty.
š¢ Companies Borrow 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 rise above $90k will allow for profits, while a drop would pose a significant risk.
