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The price of bitcoin, the world’s largest cryptocurrency by market capitalization, slid to below $100,000 on Monday morning, representing a sharp drop from the nearly $110,000 valuation it held prior to Donald Trump’s inauguration. Ahead of the price plunge, Arthur Hayes, co-founder of BitMEX, ...

It's the 12th consecutive week the company has purchased bitcoin.

The bitcoin treasury company purchased 10,107 bitcoin for approximately $1.1 billion over the past week.

Overzealous hopes for Trump's crypto actions last week had primed the market for a pullback, but the decline could be already over, said Standard Chartered's Geoff Kendrick.

Discussions are at an early stage and the Binance-backed travel platform may decide to remain independent, people close to the matter said.

Bitcoin significantly boosted last week as President Donald Trump returned to the White House. Despite some market turbulence, overall sentiment among crypto enthusiasts remains largely bullish. As investors closely monitor political developments and their potential effects on digital assets, the performance of the crypto market is important to watch this week. Let’s take a look:

(Bloomberg) -- MicroStrategy Inc. bought Bitcoin for a 12th consecutive week and unveiled details for the sale of perpetual preferred stock to help finance additional purchases of the cryptocurrency. Most Read from BloombergWhat Happened to Hanging Out on the Street?Vienna Embraces Heat Pumps to Ditch Russian GasTexas HOA Charged With Discrimination for Banning Section 8 RentersBillionaire Developer Caruso Slams LA Leadership Over WildfiresBudapest Mayor Aims to Block Orban’s Plans to Build ‘Min