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The Defiant 2024-12-24 13:57:44

Altcoins Rally as Bitcoin Flounders on Christmas Eve

The cryptocurrency market staged a bounce on Tuesday, with most altcoins rallying while Bitcoin traded flat on the day. MicroStrategy – which joined the Nasdaq 100 Index yesterday – revealed that it had acquired an additional $561 million worth of Bitcoin (BTC) close to its recent peak last week. Founder Michael Saylor shared the news on Dec. 23 in a post on X, which stated: “MicroStrategy has acquired 5,262 BTC for ~$561 million at ~$106,662 per bitcoin and has achieved BTC Yield of 47.4% QTD and 73.7% YTD.” To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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