10x Research: MicroStrategy's stock price rally may continue, which is expected to drive up Bitcoin prices
10x Research stated in its market analysis report that MicroStrategy's momentum continues. In the past week, the stock has risen by 16%, reaching a market value of $43 billion, an all-time high. This upward trend may continue, with several key catalysts on the horizon. This could result in a "tail wags the dog" situation, where MicroStrategy's stock performance may positively impact the price of Bitcoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Cardano Surges 60% After Trump's Crypto Reserve Announcement
Ethereum Breaks Bearish Trend Line, Bulls Target $2,650
Bitget Daily Digest (March 3) | Trump promotes $XRP, $SOL, $ADA on social media, Whale trades spark market attention
The crypto market rallied as investors digested news of U.S. President Donald Trump’s plan to establish a crypto reserve. An analyst from Presto Research said market expectations “may remain high” until Friday, given that White House Crypto Czar David Sacks teased “more to come” at the Crypto Summit set to take place on Friday.
Trump Expands U.S. Crypto Reserve to Include XRP, SOL, and ADA
Trending news
MoreCrypto prices
More
