Cryptocurrency markets edged higher on Friday following MicroStrategy revealing that it had acquired 18,300 Bitcoin between Aug. 6 and Sept. 12. Bitcoin (BTC) gained 2.2% while Ethereum (ETH) is up 3%, with BTC trading at $60,000 and ETH at $2,420. Polkadot (DOT) rallied 4%, while Solana (SOL) gained 1%. According to MicroStrategy’s Form 8-K filing with the U.S. Securities and Exchange Commission (SEC), the company spent $1.11 billion on its latest purchase, paying an average of $60,408 per Bitcoin. Led by CEO Michael Saylor, the firm has aggressively expanded its Bitcoin holdings since its first purchase in August 2020. Following this latest acquisition, MicroStrategy now holds approximately 244,800 BTC, currently valued at $14 billion. The average price of its Bitcoin purchases is $38,585. Bitcoin's ‘Make-or-Break’ Moment Bitcoin is facing a “make-or-break moment,” according to new research by ARK Invest. In its latest monthly report, ARK identifies $52,000 and $46,000 as key price levels for BTC. “Currently, Bitcoin's most important price supports are at $52,000 and $46,000, the latter confirmed by its on-chain mean,” ARK wrote in its report, adding that the firm’s overall outlook remains “bearish.” The report highlighted Bitcoin's failure to hold crucial support levels, such as its 200-day moving average and the short-term holder cost basis, now at $63,693 and $63,245, respectively. ARK’s technical analysis suggests that Bitcoin’s on-chain reversion level at $46,000 represents the “last chance” for support. Spot Bitcoin ETFs Record Small Inflows Spot Bitcoin ETFs recorded $39 million in net inflows on Thursday, according to Farside Investors. ARK Invest’s ARK Next Generation Internet ETF (ARKB) led the way with $18 million in inflows, while Grayscale Bitcoin Trust (GBTC) posted $6.5 million in outflows. Fidelity’s Bitcoin ETF (FBTC) recorded $11.5 million in inflows. BlackRock’s iShares Bitcoin ETF (IBIT) has now gone ten days without any inflows, with its last positive day being Aug. 26, when $224 million flowed in. Meanwhile, spot Ethereum ETFs registered $20 million in net outflows on Wednesday, all from the Grayscale Ethereum Trust (ETHE). Stocks Head for Weekly Gains U.S. stocks continue their upward trajectory. The S&P 500 climbed 0.5%, while the Dow Jones Industrial Average rose 0.6%. The Nasdaq Composite added 0.4%. Economic data was mostly positive this week. The consumer price index (CPI) for August was a 2.5% increase year-over-year, marking the lowest level since February 2021. Additionally, the producer price index (PPI) rose by 0.2% in August, aligning with market expectations.