"The best thing is if every time we wake up in the morning we can see the price of green crypto."
At the opening of the Asian market session today, the price of cryptocurrency king Bitcoin (BTC) strengthened to over $30,000 as MicroStrategy plans to sell $750 million of its shares to buy more of the digital asset.
Reportedly, MicroStrategy which owns 152,800 BTC worth $4.5 billion as of July 31, 2023 has intended to use its net proceeds for general corporate, BTC acquisition, working capital and so on.
While the price of BTC including the rest of the crypto market also recovered as investors started not to worry about the stability of DeFi after Tron's founder Justin Sun supported Curve DAO (CRV) which suffered from exploit follow-up problems.
Explained in more detail, Sun not only bought over $2 million in CRV tokens but also promised additional help through a liquidity pool on the Tron network.
There is no denying that DeFi has held up well as the crypto market faces a crash in 2022, but recent exploits have caused consternation among the crypto community, commented Banxal CEO Richard Mico.
However, Mico revealed that investors flocked to buy large amounts of BTC while the price was at $29,000 as they expected the Securities and Exchange Commission (SEC) to approve the spot BTC ETF application.
As of this writing, BTC price has surged by 2.27% to $29,909 in the last 24 hours with a market cap of $581 billion and is up 2.63% over the past week.
Meanwhile, Ethereum (ETH) rose around 0.95% to $1,872 in the last 24 hours with a market capitalization of $226 billion and Ripple (XRP) gained 1.42% to $0.70 but still slipped 0.37% in the last seven days.
