This morning MicroStrategy Incorporated (MSTR) stock has been quite notable among those. During this week, prices are jumping by 14%. The company gained $81.48 points, the value surged from $576.06 to $667.49. MicroStrategy stock rose over its 200-day moving average of $630.18 in trading on Tuesday, reaching a high of $638.91 per share. MicroStrategy stock is now up around 4.6% on the day. According to the price chart, MSTR’s 52-week low point is $149.23, with a 52-week high point of $1315 — this compares to a recent trade of $663.32.
The stock of numerous cryptocurrency-related companies, notably MicroStrategy (MSTR), is rising in value as the price of Bitcoin and Ethereum rises. Bitcoin and Ethereum are on the rise as a result of encouraging comments from Bank of America analysts and the expected regulation of cryptocurrency in Brazil. According to Bank of America, bitcoin is too big to ignore, and there are potential investment possibilities in the area. Bank of America feels that regulation will be beneficial to cryptocurrency in the long run. This week, Brazil will vote on a cryptocurrency regulatory measure that may make Bitcoin legal cash in the South American country.