Bitcoin , the world's largest cryptocurrency by market cap, extended a rally in Asia trading on Tuesday, reaching a two-year high of over $56,000 and uplifting the broader crypto market amid positive market developments and buying from crypto bulls.
MicroStrategy , based in Virginia, is currently the largest publicly traded owner of bitcoin.
According to Greta Yuan, head of research at digital asset platform VDX, the market was "encouraged by crypto bulls such as MicroStrategy" as well as a "new record of Bitcoin ETF inflows."
Most of the cryptocurrency market experienced a lift from the latest rally.
Ethereum , the second-largest cryptocurrency by market cap, reached a multi-month high above $3,200.
Persons:
MicroStrategy, Greta Yuan
Locations:
halve, Asia, CoinMarketCap, Virginia, U.S, San Francisco