Bitcoin Crashes To $91K
On Monday, December 30, Bitcoin was trading near $91,000, down 15% from its highest level this year. The decline continues despite MicroStrategy announcing an additional purchase of 2,138 Bitcoins last week, its eighth consecutive week of purchases, bringing its total holdings to 446,400. Tether also added 7,630 Bitcoins, bringing its total holdings to more than $7.7 billion. Marathon Digital, Riot Platforms, and Hut 8 Mining also continue to add to their Bitcoin reserves. Bitcoin’s pullback may be related to profit-taking by investors who have benefited from Bitcoin’s sharp rise this year.
