Michael Saylor’s Strategy, previously MicroStrategy, made another weekly Bitcoin purchase last week, marking its 12th consecutive purchase. This comes as the MSTR stock rallies today, rising alongside Bitcoin, which reached an intraday high above $74,000.
Japan’s corporate Bitcoin treasury company Metaplanet has secured almost $531 million in capital to expand its Bitcoin holdings. The company’s board has also approved a revised capital allocation policy with mNAV clause. The stock jumped almost 5% on Monday amid Bitcoin rebound to $74K.
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XRP price moved higher on Monday as cryptocurrency markets reacted to Bitcoin’s strong rebound above the $74,000 level.
Bitcoin price climbed to nearly $74,300 during the rally, reaching its highest price in about 40-days.
The XRP price surged to around $1.50, surging by more than 5% while traders closely watch a possible rally toward the $2 level.
The total crypto market capitalization grew by $3.48% and stood at 2.52 trillion in the digital asset market. The larger market is going green too, with Ethereum +6.5%, Solana +5, and XRP +5 all showing significant presence in the large-cap altcoins. This coordinated major action tends to reflect a recovery in market confidence and risk taking.
Pepe coin price jumped more than 20% on Monday, climbing to nearly $0.00000406 amid renewed interest in memecoins. The frog-themed cryptocurrency rebounded after weeks of downward movement and found strong support from bullish traders. The buyers defended the key support level multiple times, which indicated their trust in the possibility of a short-term trend reversal.
In a few days, Pepe had developed a consistent upward building and burst out of a narrow band. That release led to new purchasing impetus in the market. Trade volume shot up to nearly 300% a day and hit over $950 million.
The PEPE price pumped to $0.00000407 after a strong breakout above the $0.00000390 resistance zone.
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