Bitcoin Exceeds 111 Thousand Dollars: Crypto Market Revives

Bitcoin Surge: Exceeded $111,000

Bitcoin made a remarkable surge on Monday, surpassing the $111,000 level. This value increase created a positive atmosphere in the crypto market, refreshing investors' hopes.

Market Reactions and MicroStrategy's Bitcoin Purchases

This rise in Bitcoin boosted momentum in crypto stocks. MicroStrategy reported that it purchased 168 Bitcoin at an average price of $112,051 between October 13–19. Following this development, MicroStrategy's shares gained over %2 in value. The total cost of the 640,418 Bitcoin that the company owns was announced to be $47.4 billion.

Trading Platforms and Other Related Companies

Cryptocurrency trading platforms also benefited positively from this surge. Robinhood's shares increased by %4.5, while Coinbase's shares rose by %2.5. Additionally, the stablecoin issuer Circle gained %3.5 in value alongside the growing momentum in the digital asset market.

Bitcoin Mining and Other Sector Developments

Bitcoin mining company MARA Holdings recorded a %6 increase after expanding into HPC data centers and artificial intelligence. Other significant players in the sector, such as Bit Digital (BTBT), showed a %15 rise, while Cipher Mining (CIFR) increased by %6.