#BitcoinHashRateSurge

As of January 7, 2025, Bitcoin (BTC) is trading at approximately $101,702, reflecting a 3.95% increase over the previous close.

This recent surge follows a period of volatility, with Bitcoin's price fluctuating between $92,000 and $108,000 over the past month. Analysts suggest that surpassing the 50-day moving average could pave the way for new highs above $110,000.

Institutional interest remains robust. MicroStrategy, a prominent corporate Bitcoin holder, recently acquired an additional 1,070 bitcoins for $101 million, bringing its total holdings to approximately 447,470 bitcoins, valued at around $45 billion. The company also announced plans to raise up to $2 billion through preferred stock offerings to fund further Bitcoin purchases.