Bitcoin tumbled some 1% to $57,600 earlier during the day after software company MicroStrategy announced the purchase of 18,300 BTC for $1.1 billion. The largest crypto quickly recovered the losses and rose sharply later in the session, up 2.2% over the past 24 hours at $59,700.
This article was originally published by Coindesk.com. Read the original article here.
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