This is the reason why I believe caused it to come out of the ashes of misery yesterday:
Meta Advised to Bet on Bitcoin for Inflation Hedge - a proposal has been presented to Meta’s board. It suggests the company allocate a portion of its $72 billion in liquid assets into Bitcoin.
That was not the reason bitcoin price increased from $89000 back to $97000. That was just how the market was at the time and I think there was consolidation at the price as you can also see a very sharp drop if you set the candles to 15 minutes. Also we have seen this news that you talked about a day or many hours before that happened. In fact the market was falling significantly after the news. Also not that Meta is allocating a portion of its $72 billion in liquid assets into bitcoin but there shareholders needs to vote for it. How about the time of Microsoft but that was not accepted with their stakeholders vote which pointed to no. Meta Advised to Bet on Bitcoin for Inflation Hedge - a proposal has been presented to Meta’s board. It suggests the company allocate a portion of its $72 billion in liquid assets into Bitcoin.
