Bitcoin has started the first working day of 2022 in a negative mood. At press time, the largest cryptocurrency by market cap is trading at $46,996.37 (-0.39%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ether has risen to $3,807.65 (+1.75%), while Binance Coin has increased by 0.75% and is now trading at $525.87.
We have recently reported the largest publicly traded Bitcoin hodler, MicroStrategy Inc, is continuing its investment in the crypto with an additional $94.2 million purchase. According to a regulatory filing, with the latest purchase of 1,914 Bitcoins at an average price of $49.229 per BTC, the company owns a total sum of 124,391 BTC (about $5.9 billion).
The amount of BTC held by public companies has reportedly gained significant market share over that held in spot ETFs since Microstrategy's "Bitcoin for Corporations" conference during February 2021. MicroStrategy, owned by Michael Saylor, is a leading business intelligence firm and is known to be particularly bullish on BTC, holding nearly $6 billion in crypto assets.
According to CoinMarketCap’s ranking, 6 currencies on the top 10 are in red.
As for the market cap of all currencies listed in CoinMarketCap, it stays at $2,241,982,965,101.
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