Nasdaq company bought 0.1% of total BTC(8/12)

Yesterday(8/11 00:00 - 24:00, UTC+0), Bitcoin price recorded its starting as $11900, its lowest as $11125, its highest as $11949, and its closing as $11383. Bitcoin fell below the starting price of the week ($11691) from 12:30 (UTC+0) based on the 15-min chart, then went down to $11125 with three big sell volume.

It is too early to believe that the trend of the market's rise has changed the direction, as it fell by a minimum of 6.6% from the starting price and ended above the moving average on the 100th as of the closing price. If Bitcoin breaks down the 100-day moving average of $11,223 in the 4 hour chart during today, the next support level would be $10900 for the first, $10730 for the second, and $10320 for the third.

The Nasdaq index and gold prices have fallen for three consecutive days since last Friday, and gold, in particular, fell almost $100 a day yesterday, and seems to be realizing a profit from the surge. There is also news that gold prices have declined due to bad news that a vaccine was developed in Russia, which may not be the main reason that may be one of several reasons.

Another notable news is that the Nasdaq-listed MicroStrategy($MSTR) publicly bought 0.1% of total Bitcoin(21million) for the first time since it was traded on the market. MicroStrategy announced yesterday that it has already purchased 21,454 bitcoins for approximately $250 million. "This investment reflects our belief that Bitcoin, as the world's most widely adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash," said MicroStrategy CEO Michael Saylor in a statement.

It is believed to be another good news following the release of several previously released news which is the approval of the US Monetary Authority's cryptocurrency custodial service for large commercial banks, and the New York Financial Services Bureau's announcement of the cryptocurrency green list. The Nasdaq company to hold Bitcoin as a company's asset acknowledges that Bitcoin is now a commodity capable of storing monetary value in the capital market.

In the future, if other listed companies and various funds begin to acquire and hold 0.1% of total bitcoin, the day may come when 1 btc becomes $350,000. Of course, no one knows when.