While crypto markets made a volatile start to the week, experts say the rise in MicroStrategy shares could have a positive impact on Bitcoin and altcoin prices. While US stock markets have plummeted, cryptocurrencies have recovered faster. The approval of FTX's bankruptcy plan contributed to this recovery in crypto markets and Bitcoin briefly rose above the 200-day moving average, but could not maintain this level.
MicroStrategy's share performance is notable for its impact on Bitcoin. The large amount of Bitcoin held by the company and the 5.5 percent increase in shares caused the shares to reach the $ 190 level on Monday. Analysts predict that if the momentum in MicroStrategy's share price continues, Bitcoin prices may also be positively affected.