Bitcoin gains 2%, reaching new high

Bitcoin surged for the second consecutive day on Wednesday, rising 2.03 per cent to reach $94,293.87 at 8:43 AM ET (1:43 PM GMT).

The spike follows MicroStrategy’s announcement on Monday that it had increased its bitcoin holdings to 331,200 BTC, fueling investor optimism.

The company’s expansion of its cryptocurrency portfolio has contributed to the ongoing momentum in Bitcoin’s market performance.

Credit: Attribution: MarketScreener, Amwal Al Ghad English

Subediting: Y.Yasser