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MicroStrategy, led by Michael Saylor, has continued its Bitcoin acquisition strategy, purchasing 21,550 BTC for $2.1 billion between Dec. 2 and 8, 2024.

Bitcoin has experienced a significant drop, falling below $97,000 after briefly exceeding $100,000 earlier this week.

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The cryptocurrency market has seen a sharp decline over the past 24 hours, with Bitcoin falling to $94,100 before recovering to $97,800.

Bitcoin’s realized profit has significantly declined, dropping 76% following its surge toward $100,000.

Market analysts and traders warned of short-term selling pressure amid an overheated market after a November rally

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