Bitcoin Price Rockets 5.5% Past $96,000, Strategy ($MSTR) Jumps 8%
Bitcoin surged past $96,000, gaining 4.4%, while Strategy ($MSTR) stock jumped 6.63% amid regulatory developments.Summary
The Bitcoin price surged past the $96,000 level, marking a 4.4% gain over 24 hours and breaking out of January's consolidation range. This rally occurred despite a delay in the US Senate Agriculture Committee's markup of the Digital Asset Market Structure CLARITY Act, which signals potential disagreements among senators.
Simultaneously, shares of Strategy ($MSTR) soared, closing up 6.63% at $172.99, reflecting investor confidence in the company's bitcoin-linked strategy, especially after Strategy announced the purchase of 13,627 BTC between January 5 and January 11.
If Bitcoin sustains above $96,000, the next resistance targets are between $98,000 and $104,000. The broader market context includes investor focus on inflation and political uncertainty, particularly following reports of a criminal investigation opened by the DOJ into Federal Reserve Chair Jerome Powell, which reinforces Bitcoin's narrative as a hedge against policy instability.
(Source：Bitcoin Magazine)