On December 10, Bitcoin saw a price increase of 0.68%, which was a brief surge. This price movement was mainly attributed to the news that MARA, a mining firm, acquired a significant amount of Bitcoin.
MARA purchased 11,774 Bitcoins at an average price of $96,000 each, catalyzing the price movement. The acquisition indicates confidence in Bitcoin's future trajectory by institutional players such as MARA.
This development showcases the ongoing interest and investment in Bitcoin by large mining firms, potentially impacting the market dynamics in the short-term.
