ALBAWABA – Bitcoin saw a record spike topping $56,728 price point for the first time since late 2021, gaining 9.52 percent in a single day on Tuesday morning with an increase of 32 percent since the start of the year, later correcting to $56,302 during the day.
The bull rally caused a surge in Bitcoin US. based spot ETFs according to Bloomberg, with a record-breaking $2.4 billion in trading volume on Monday indicating a rise in interest in the token among investors beyond ardent fans of digital assets.
Leading institutional Bitcoin investor MicroStrategy has increased its Bitcoin holdings to 193,000 Bitcoins as creator Michael Saylor tweeted this morning about accumulating an extra 3,000 Bitcoins, paying $51,813 per coin. That stockpile was valued at $10.28 billion earlier, its current valuation is $10.9 billion, up $620 million in only one day.
After the surge, an expert with more than 40 years of market monitoring experience, Peter Brandt, believes the current bitcoin (BTC) bull market will peak at $200,000, as reported by Coin Desk, a substantial increase from his original $120,000 prediction.
Stocks of Crypto platforms in the US saw a reflection on their share prices according to Bloomberg, with Coinbase Global Inc., a trading platform, seeing a 17% rise, MicroStrategy saw a 16% increase, and Marathon Digital Holdings Inc., a currency miner, saw a 22% increase.
