Microstrategy Bitcoin bet turns green as BTC price climbs to 10-month high

Business intelligence and Fortune 500 company Microstrategy’s Bitcoin (

After a disastrous 2022, BTC price has shown strength throughout 2023, with the price seeing over a 55% increase in the first quarter of this year. Bitcoin price has closed above the previous month’s high three months in a row, a sign considered to be a bullish market indicator and an indication of another bull run on the horizon.

Bitcoin has outperformed most traditional stocks and bonds this year and has eclipsed the losses incurred from the crypto contagions caused by FTX and Terra-Luna saga.

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