The Defiance Daily Target 1.75x Long MSTR ETF (MSTX) closed at $43.12 on January 13, 2025, up 0.09% as MicroStrategy's aggressive Bitcoin acquisition strategy continues to influence market sentiment. MicroStrategy's recent purchase of 2,530 bitcoins for $243 million, despite Bitcoin's volatile trading, underscores the company's commitment to its cryptocurrency strategy. Bitcoin briefly dipped below $90,000 early Monday, driven by investor concerns over the Federal Reserve's potential slowdown in rate cuts and the U.S. government's plans to sell seized bitcoins. These factors have contributed to heightened market volatility, with Bitcoin's price fluctuations impacting MicroStrategy's stock performance. The broader cryptocurrency market is also experiencing turbulence, with Bitcoin's decline pulling down other major cryptocurrencies.