Bitcoin Price Soars to $56,000, Highest Growth in 2 Years

Last night, the price of Bitcoin increased 3% from the previous week, from a high of 53,000 in December 2021, breaking its highest price in two years. It was revealed that Bitcoin holdings of Reddit and former President Donald Trump's softening stance on Bitcoin last week. It was also announced on Twitter by Michael Saylor that MicroStrategy had purchased an additional 3,000 BT of BTC, causing the price of Bitcoin to surge this week to a record high of USD 56,661 (27 February 2024 at 9:10 AM). n.)

Following the incident at Reddit, an initial public offering of shares is being prepared. The platform revealed its holdings of bitcoin and ether in a securities filing with the U.S. Securities and Exchange Commission last week. This is an increase in the number of large companies holding Bitcoin in securities.

Also, former President and Republican candidate Donald Trump gave a recent interview to Fox News and acknowledged Bitcoin's popularity. while still expressing satisfaction with the US dollar. This was a softening of the position after it was posted on Twitter in 2019.

And there was an announcement from Maidle Saylor's Twitter that the company MicroStrategy His purchase of an additional 3,000 Bitcoins was valued at over $10 billion. Therefore the company MicroStrategy has a holding of over 193,000 BTC and led MSTR shares up 1.1% in pre-market trading to $695.

This is the highest Bitcoin price jump in 26 months since December 2021.