The price of GameStop token (GME) has surged by over 37% today. This increase came after the company decided to adopt Bitcoin (BTC) as its treasury reserve. The decision was made with the support of GameStop’s CEO, Ryan Cohen, who had previously hinted at accepting Bitcoin. Other companies like Strategy and Tesla have also made similar moves regarding Bitcoin integration. Although GameStop has not disclosed the amount of Bitcoin allocation, this news was significant enough to boost the token’s price. Following the announcement, the GameStop price surged by 37.64% to $0.00256. This decision by GameStop has gained more importance due to investors’ interest in Bitcoin and increased enthusiasm for its purchase after Donald Trump’s strategic Bitcoin reserve signing. Traders and investors have capitalized on this opportunity, with GameStop’s 24-hour trading volume increasing by 104% to $9.51 million. Experts believe that GameStop’s acceptance of Bitcoin can influence the government’s decision to launch a Bitcoin reserve. Despite the notable increase in GameStop token price, it is still 92% lower than its all-time high of $0.03201 in January 2024. This indicates that investor sentiment is not positive enough. Furthermore, the long-term downward trend still persists on the chart, and short-term increases may prompt sellers to enter the market to profit. If investors’ optimism about this Bitcoin integration continues, this upward trend may continue. However, this requires further updates, Bitcoin buying news, and similar factors. Visit the digital currency price page to track live prices of all tokens and cryptocurrencies.
