MicroStrategy, a prominent investment firm in the United States, has announced the acquisition of 1,070 BTC at an average price of $94,000. This purchase comes as the company aims to raise up to $2 billion through perpetual preferred shares.
Bitcoin has surpassed the $100,000 mark on the Coinbase exchange, marking the first time in two weeks. This increase in price coincides with a resurgence in net fund inflows into spot ETFs. The activity on the cryptocurrency exchange is driven by ETF issuers trading through Coinbase and utilizing direct custody services. It appears that institutional investors are increasing their Bitcoin allocations for 2025, aligning with analyses conducted at the end of last year.
In Canada, Pierre Poilievre, a pro-cryptocurrency politician, has emerged as a leading candidate to replace Justin Trudeau as Prime Minister. According to Polymarket data, Poilievre is currently the favorite, creating a positive atmosphere for regulatory conditions and supporting the cryptocurrency market.
However, there are significant risks looming over the markets in January. The reactivation of the U.S. debt ceiling may require “extraordinary measures” to finance government expenditures, which could increase market volatility and create uncertainty for investors amidst escalating debates.
The current dynamics in Bitcoin and the cryptocurrency market are influenced by ongoing regulatory developments and growing institutional interest. Nevertheless, macroeconomic risks are expected to play a crucial role in determining future market conditions.
