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Michael Saylor Stuns With BTC Statement as Bitcoin Returns to Green
In a shocking move, Michael Saylor, the CEO of MicroStrategy and a prominent Bitcoin proponent, has made a statement that has left the crypto community stunned. This comes at a time when the market is still reeling from a 30% fall in value.
Bitcoin (BTC) has shown signs of recovery, recovering $84,000 levels ahead of the FOMC decision. The uncertainty surrounding the outcome has traders on edge as expectations of an unchanged interest rate could spark a rally, while a hawkish stance might prolong the decline.
Notably, Saylor’s statement has sparked concerns about the implications for the market. With liquidity levels falling in both on-chain and futures markets, some suggest that the $80,000 mark should be closely monitored as it would indicate the loss of a major support level.
This recent development comes at a time when long-term holders are remaining passive, further reinforcing the notion that we may see continued sideways price activity.
Source: https://u.today/michael-saylor-stuns-with-btc-statement-as-bitcoin-returns-to-green
