Bitcoin Rebounds 2% As MARA Buys $46.3M BTC, Saylor Hints At New Strategy Purchase
Institutions have returned to Bitcoin’s order books as crypto miner MARA Holdings adds $46.31 million worth of BTC and Michael Saylor hints at an upcoming Strategy purchase. That’s as the largest crypto by market cap recovered from a strong correction towards the end of last week, which saw its price fall to as low as $109,219.01, according to CoinMarketCap data. BTC price (Source: CoinMarketCap ) In the last 24 hours, Bitcoin’s price has risen over 2% to trade at $114,796.10 as of 1:00 a.m. EST. However, the crypto remains more than 7% in the red on the weekly time frame and has erased its losses over the past month as well. BTC is also over 9% down from the all-time high (ATH) of $126,198.07 that it achieved a week ago. Institutions Buy The Bitcoin Dip The drop in the BTC price has been seen as an opportunity by institutional investors to buy the dip. Citing on-chain data from Arkham Intelligence, Lookonchain said on X that MARA Holdings, which hold...