Bitcoin hit its fourth-highest single-day market value increase since December 2021 on Monday

Glassnode data shows that on Monday, January 8th, the market value of Bitcoin increased from $850 billion to $925 billion, with a daily increase of about $75 billion, marking the fourth highest daily change in Bitcoin market value since December 2021. The data also shows that since 2024, Bitcoin has outperformed MicroStrategy's stock price, with Bitcoin rising 5.6% since the beginning of the year, while MicroStrategy's stock price has fallen 15.6%. Analysts believe that as the potential approval of physical Bitcoin ETF approaches, investors are withdrawing from MicroStrategy stocks and buying the upcoming ETF.