August 10th Cryptocurrency Market Update Date: Aug. 10, 2021, 04:41 PM KST [Bitcoin] Bitcoin is gradually making a small comeback showing a 17% rise over the past week, breaking the $46,000 resistance level for the first time since mid May. As of 7 am, August 10th (UTC+9), it recorded $45,699 at CoinMarketCap and went as high as $46,457 during the day. Its current market capitalization has grown to around $851.3 billion, or roughly 46.6% of the market share. On the 9th, The Financial Express reported that the biggest shareholder, MicroStrategy, bought more BTC despite a sizable loss of $690 million or (788.9 billion won). The company currently holds 105,085 Bitcoins, more than double the 42,902 owned by Tesla. Microstrategy’s CEO, Michael Saylor, is a leading Bitcoin advocate who has recently bought more Bitcoins despite his heavy losses. In June, the company reported that it raised $500 million in bond sales to buy more of this yet elusive and volatile player. They subsequ...
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