Bitcoin falls to $57,000 following MicroStrategy’s move to buy more Bitcoins.
This morning (December 2), Bitcoin was down 0.4% at $56,553 after a gradual recovery; currently, the price is at $57,179.72.
The price drop followed after MicroStrategy acquired 7,002 BTC, worth over $414 million.
Making the purchase brings the company’s total bitcoin holdings to 121,044 BTC, with an average Bitcoin acquisition at $59,187 per coin. The figure is far below the record high of $69,000 set in early November.
Gradually increasing its Bitcoin holdings, MicroStrategy has already made $3.57 billion worth of Bitcoin purchases. The average purchase price is $29,534 per Bitcoin.
The Spot Market is Open
Thursday, December 2, 2021
| Crypto Updated at | USD Price | Change | %Change |
| 12.20 BTC | 56,980.46 | -1,341.13 | -2.30 |
| 12.20 ETH | 4,547.29 | -181.98 | -3.85 |
| 12.20 LTC | 204.47 | -10.65 | -4.96 |
| 12.20 BNB | 621.02 | -28.19 | -4.35 |
| 12.20 XRP | 0.97 | -0.04 | -3.71 |
| 12.20 ADA | 1.54 | -0.07 | -4.16 |
| 12.20 DOT | 35.60 | -2.58 | -6.76 |
| 12.20DOGE | 0.21 | -0.01 | -4.28 |
| 12.20 UNI | 22.12 | +0.32 | +1.47 |
| 12.20 LINK | 24.77 | -2.05 | -7.65 |