Major cryptocurrencies experienced a surge on Thursday evening, driven by two significant developments, one involving Bitcoin and the other Ethereum.
What Happened: On the Bitcoin front, Michael Saylor owned Microstrategy Inc (NASDAQ:MSTR), the largest corporate holder of BTC purchased an additional 16,130 BTC, valued at approximately $608 million based on current prices.
According to a regulatory filing on Thursday, Microstrategy acquired bitcoin for $593.3 million in cash, at an average price of around $36,785 per coin. With this purchase, the company now holds a total of 174,530 BTC, acquired at an average price of about $30,252 per coin.
On the Ethereum front, the Securities and Exchange Commission (SEC) has officially acknowledged Fidelity Investments’ filing for a spot Ethereum exchange-traded fund (ETF). Fidelity had initially submitted their SEC application on November 17.
Top Gainer (24 Hour)
Cryptocurrency
Gains +/-
Price (Recorded 9:30 p.m. EDT)
Celestia
+11.96.
$6.16
Injective
+8.81%
$18.25
Render
+8.18%
$3.19
The global crypto market cap has reached $1.42 trillion, marking a 0.40% decrease in the last 24 hours.
The S&P 500 rose by 0.4% to reach 4,567.80, indicating a positive performance. However, the Nasdaq Composite experienced a slight dip of about 0.2% and stood at 14,226.22.
Data released on Thursday revealed that the personal consumption expenditures price index, considered the Federal Reserve’s preferred measure of ...