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Bitcoin Rallies Past $95,000 After MicroStrategy Buy and U.S. Inflation Data
Despite rising geopolitical tensions, several factors supported risk appetite in cryptocurrencies during the session. Bitcoin reached its highest level in nearly two months. Bitcoin (BTC) posted a strong gain by the close of trading on Tuesday, January 13, after earlier hitting a nearly two-month high. The move was driven by a fresh purchase from MicroStrategy, one of the largest corporate holders of the cryptocurrency, as well as by moderating U.S. inflation data released earlier in the day. The world’s largest cryptocurrency rose 4.5% to around $95,400, according to Binance, after briefly climbing above $96,000 ... (full story)
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