Bitcoin fights to stay above $20,000 as Saylor buys another $10 million worth
— Latest crypto news, Settings, Florida, 47 %,, Brent donnelly, Billion, Crypto, Ust, Updates, Spent — 1 min read
Bitcoin is fighting to find support back above the $20,000 mark. The day's trading comes at the end of a painful last two months, during which investors have seen crypto's total market cap shrink by 47%, from $2.1 trillion on May 1 to $891 billion. Bitcoin bull Michael Saylor said Wednesday his company, MicroStrategy (MSTR) purchased another $9.9 million worth of bitcoin between May 3 and June 28. Saylor's latest purchase brings the company's total bitcoin holdings to $2.5 billion based on bitcoin's current value, the company has spent some $3.98 billion buying bitcoin, acquiring the cryptocurrency at an average price of approximately $30,664 per bitcoin, inclusive of fees and expenses. Source