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- 🚨 Why Hedge Funds Are Betting Big on MicroStrategy Stock as BTC Surpasses $100K
🚨 Why Hedge Funds Are Betting Big on MicroStrategy Stock as BTC Surpasses $100K
News
Pro-XRP lawyer John Deaton has outlined four key reforms he believes the incoming U.S. Securities and Exchange Commission (SEC) Chair, Paul Atkins, must implement to improve crypto regulation. Deaton, a strong critic of the SEC leadership under Gary Gensler, called for changes to make the agency more transparent toward the crypto industry.
MicroStrategy (MSTR) stock has once again reversed its trajectory surging past $400 as Bitcoin price rallies past $103,000 to a new all-time high. With an over 500% rally this year, MSTR has outperformed BTC and is on the path to attain new highs. As a result, it has become one of the top picks for hedge funds looking to ride the MSTR volatility.
👉 Pepe Unchained and Pepeto – The most impressive project to surpass Pepe and Shiba for the bull run
As Bitcoin flirts with the $100K milestone, the crypto market is gearing up for the next cycle. Historically, this surge in BTC’s value leads to altcoins pumping, followed by liquidity flowing into the memecoin sector. With this momentum, memecoins offering compelling narratives and valuable utilities become the focal point for investors. Pepeto, the God of Frogs, is emerging as a standout contender, nearing $1 million in its presale phase and attracting holders of Pepe, Shiba Inu, and Dogewithat. Positioned to adopt all next-generation memecoins through its dedicated exchange, Pepeto is shaping up to be a project that cannot be overlooked.
Markets
Today, the cryptocurrency market is fueled by bullish momentum as Bitcoin (BTC) reaches $100,000 for the first time. After approximately two weeks of consolidation, BTC has finally surpassed the $100K resistance level. Among altcoins, Ethereum (ETH) is up by 6%, while Binance Coin (BNB), Solana (SOL), and XRP have seen declines of 2% to 6%.
Curve DAO Token (CRV) and The Sandbox (SAND) emerged as the top gainers, with price increases of 20% and 16%, respectively. The global crypto market cap has risen by approximately 3%, now at $3.55 trillion. Trading volume remains stagnant at $285 billion.
Meanwhile, the Fear and Greed Index indicates 83, reflecting extreme greed. Here’s a closer look at some of the top cryptocurrencies by market cap and their prices today, December 5.
Bitcoin price has surged past the highly anticipated $100K milestone, reaching a new all-time high of $103,850. The rally was driven by key factors, including the appointment of pro-crypto Paul Atkins as the next U.S. SEC Chair following Gary Gensler’s upcoming departure on January 20. Additionally, strong institutional buying and substantial inflows into BlackRock’s Bitcoin ETF (IBIT) further fueled the momentum behind this historic price surge.
Although the US transferring nearly $2 billion BTC dampened the mood, Bitcoin price held its own and trigger a massive impulsive move that set up a new all-time high (ATH) of $104,698 in the late America session on Wednesday. Bitcoin price today is up 6.71% and trades at $102,880.0.