Bitcoin's price rose 3.5% in the past day and 5.4% over the last week, spurred by stronger sentiment in the stock market correlated to tariff relief. Key factors driving this surge include bullish commentary from BTC advocate Michael Saylor and improved on-chain analytics indicating growing mainstream adoption. MicroStrategy has recently acquired an additional 7,000 Bitcoins, boosting its total to over 500,000 while Saylor predicts a significant price increase to $444,000 based on historical halving cycles, though he foresees subsequent market corrections.
Bitcoin's recent turnaround, showing a 3.5% increase in just 24 hours, is mainly attributed to a rebound in the stock market and bullish sentiment by industry figures.
Michael Saylor continues to nurture optimism in Bitcoin as MicroStrategy adds nearly 7,000 Bitcoins, leveraging stock sale proceeds to bolster its already massive holdings.
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