Monday, February 26

Bitcoin Price: BTC Sees Encouraging Start to Month

Bitcoin (BTC) started February with a small 2% daily gain that currently has it above $38,400. The leading cryptocurrency has just closed the first month of the year with a drop of 18.5%, and seeks to resume the upward path to leave behind two red months. At the close of this post, the price of BTC is USD 38,450.

The big news of the day in the crypto ecosystem was the new millionaire investment of MicroStrategy in the market. As announced by CEO Michael Saylor on his Twitter account, the software company acquired about 660 BTC worth approximately $25 million, which yields an average of $37,865 per unit.

According to the businessman, the operation took place yesterday afternoon and, at the end of January, MicroStrategy already had 125,051 BTC in your reserves, acquired for a total investment of $3.78 billion (an average of $30,200 per cryptocurrency). At current prices, the firm’s strategy carries an estimated profit of 1.1 billion dollars.

Saylor is also on the lips of the entire crypto community due to the start of the second edition of his conference for business leaders “Bitcoin for Corporations”. Together with Jack Dorsey, the CEO will speak about the advantages of adding BTC to your financial strategy and will share your philosophy on the market.

Altcoins

The rest of the crypto market also started February with some gains. Ether (ETH), benchmark altcoin, was up almost 5% and climbed above USD 2,780. XRP registers a similar rise and is currently trading at USD 0.61.

Solana (SOL) was the big surprise of the day. After leading the declines in January with -39%, SOL grew 16% in the last 24 hours and reached $107 again. Cardano (THERE IS) Y Litecoin (LTC) rose 3% and are trading at USD 1.06 and USD 111, while Binance coin (BNB) grew just 0.5% and its price is USD 382.

 

Keep reading:

► Experts see a bitcoin price at a maximum of 93,000 dollars by 2022

► Michael Saylor will once again give a conference on crypto investments for entrepreneurs

► The reason why Bukele expects a “giant jump” in the price of bitcoin

 

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