Bitcoin Hovers Around $90,000 as Saylor Reveals $960 Million Buy

Crypto markets were muted on Monday, Dec. 8, with most major digital assets trading in a narrow range.

Bitcoin (BTC) is trading at $90,000, down less than 1% in the past 24 hours, while ETH is flat and SOL is up 0.3% over the same period. Meanwhile, XRP is down 1% at $2.07.

BTC climbed as high as $92,000 earlier in the day after Michael Saylor’s Strategy revealed that it had purchased an additional 10,624 coins for nearly $963 million, pushing its total holdings above 660,000 BTC.

The overall crypto market capitalization decreased by 0.7% to $3.16 trillion, according to Coingecko.

The Top 100 digital assets posted mixed performances over the last 24 hours, led by Zcash (ZEC), Canton (CC), and PEPE, which are up 21%, 19%, and 7%, respectively.

Around 98,000 leveraged traders were liquidated for a total of $289 million in the past 24 hours, according to CoinGlass. Bitcoin accounted for $93 million, while ETH positions made up $92 million.

Meanwhile, stocks and gold posted minor losses. The S&P 500 and Nasdaq slipped 0.3%, while the yellow metal hovered around $4200/oz.