BTC and the S&P 500 seem to be tracking rates volatility, which is rising.

Multiple public companies have announced a bitcoin strategy, but there has been no acquisition yet.

Altcoin majors, including ether and solana, also rose sharply as U.S. markets opened on the first full week after holidays, with the broad-based CoinDesk 20 advancing 3.5% through the day.

The bitcoin miner holds 44,893 BTC on its balance sheet, it said in a production report.

The companies plan to collectively pick up $3 billion worth of bitcoin this year, with MicroStrategy’s targeting the purchases in Q1 2025.

The user held BTC from when it was worth $0.06 all the way up to $90,000.

BTC’s rally has stalled amid hawkish comments from the Fed officials.

“We believe that the underlying strength in BTC represents a systematic shift in the market in anticipation of Trump’s return to office,” QCP Capital traders said in a Friday broadcast.

Majors cryptocurrencies are surging as a bullish backdrop gives traders reason to set a $100,000 price target for BTC in the near term.

Trendline drawn off BTC’s April and November 2021 highs signals resistance at around $90,000.