**In-Depth | Bitcoin Soars to US$108 Thousand, Will It Create a New ATH?**

Bitcoin (BTC) has soared back to the level of US$108,000 on Wednesday night (25/06), after previously falling to US$98 thousand. This increase is triggered by several factors that have occurred recently, causing the cryptocurrency market to turn green.

Public companies that have massively acquired Bitcoin, such as Strategy (MSTR) which purchased 246 BTC worth IDR 424 billion at an average price of US$105,856 on Sunday (22/06).

Not only that, ProCap Bitcoin recently made a massive purchase of 4,932 BTC worth US$514.5 million. This purchase was made after announcing a merger worth US$1 billion and successfully raising over US$750 million on Monday (23/06).

In less than a day, ProCap purchased another 3,724 BTC and 1,208 BTC, amounting to US$386.5 million and US$128 million at an average price of US$103,785 and US$105,977, respectively. This accumulation strengthens the bullish trend of Bitcoin in the market.

On the other hand, US President Donald Trump announced a ceasefire for the conflict between Iran and Israel, which caused Bitcoin to rise again to the level of US$105,000 on Tuesday (24/06).

As information, these occurring factors have made the cryptocurrency market positive again as investors are re-entering, followed by public companies that are once again acquiring Bitcoin.

*Disclaimer Alert. Not Financial Advice* (NFA). *Do Your Own Research* (DYOR)