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As bitcoin (BTC) surpassed $100,000 and hit an all-time high on December 4, many MicroStrategy (MSTR) investors were hoping for their bags to levitate. Unfortunately, their shares — along with those of the company’s CEO Michael Saylor — dipped considerably the following morning. MicroStrategy is a BTC acquisition company that is primarily valued on a multiple of its BTC holdings. Its shares trade independently of BTC in the market based on sentiment, supply, and demand. MSTR closed at $406 on Wednesday but fell another 4.8% by Thursday. That close logged an embarrassing 28% retracement from the company’s $543 all-time high on the same day that BTC achieved its own peak. Granted, that decline roughly matched BTC’s decline over the same period. However, price tracking doesn’t reassure investors who hope for MSTR’s outperformance. MicroStrategy is supposed to, in the minds of many investors who knowingly bought its shares at a premium m...

The Bitcoin (BTC) market has witnessed major price changes over the past week. The king coin went from a high of $60,000 to a low of $52,714. Just a week into September, the asset has dropped by nearly 7%. This isn’t surprising as BTC has witnessed more falls than upticks in September over the past couple of years. According to CryptoRank, the average price change of Bitcoin change in September remains at a negative 6%. Also Read: BTC Critic Peter Schiff May Become A Bitcoin Proponent If This Happens Bitcoin Price Analysis and Predictions Source Current Market Performance Looking at the above chart, it might be difficult for the asset to reach the $60,000 mark this month. BTC was trading at $55,281.35 at press time, following a 1.65% increase over the past 24 hours. A cryptocurrency analyst by Rekt Capital highlighted that Bitcoin is in a halving year. The expert said, “So it makes most sense to compare 2024 with previous Halving years. In the previous Halving years (2016 & ...