MicroStrategy's stock is experiencing a notable upswing on January 15, 2025, driven by a resurgence in Bitcoin prices. The cryptocurrency market is witnessing a rebound, with Bitcoin recovering from its recent downturn. This recovery is significant for MicroStrategy, which has substantial investments in Bitcoin, effectively tying its stock performance to the cryptocurrency's price movements. The recent uptick in Bitcoin is likely a response to easing concerns over economic data that previously suggested a hotter-than-expected economy, which had put pressure on speculative assets like cryptocurrencies.
The Defiance Daily Target 1.75x Long MSTR ETF (MSTX) is currently trading at $52.19, marking an 11.56% increase from its previous close.