Bitcoin Price Soars to New High of $87,008 Amidst Michael Saylor’s Defiance

The Bitcoin price surged 1% in the past 24 hours, reaching a new high of $87,008. Trading volume soared to $66.8 billion as analysts attribute this rise to growing DeFi applications and increasing institutional investments. Notably, Michael Saylor, CEO of Strategy firm, declared his unwavering support for Bitcoin despite growing skepticism about the sustainability of the business model.