bitcoin
Bitcoin (BTC) $ 66,383.79
ethereum
Ethereum (ETH) $ 3,420.68
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 584.53
xrp
XRP (XRP) $ 0.622324
cardano
Cardano (ADA) $ 0.414503
usd-coin
USDC (USDC) $ 1.00
matic-network
Polygon (MATIC) $ 0.537029
binance-usd
BUSD (BUSD) $ 0.99688
dogecoin
Dogecoin (DOGE) $ 0.132008
okb
OKB (OKB) $ 40.01
polkadot
Polkadot (DOT) $ 5.91
shiba-inu
Shiba Inu (SHIB) $ 0.000017
tron
TRON (TRX) $ 0.134314
uniswap
Uniswap (UNI) $ 7.60
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 66,472.81
dai
Dai (DAI) $ 0.999214
litecoin
Litecoin (LTC) $ 73.03
staked-ether
Lido Staked Ether (STETH) $ 3,419.23
solana
Solana (SOL) $ 178.99
avalanche-2
Avalanche (AVAX) $ 29.50
chainlink
Chainlink (LINK) $ 13.79
cosmos
Cosmos Hub (ATOM) $ 6.21
the-open-network
Toncoin (TON) $ 6.96
ethereum-classic
Ethereum Classic (ETC) $ 23.45
leo-token
LEO Token (LEO) $ 5.84
filecoin
Filecoin (FIL) $ 4.46
bitcoin-cash
Bitcoin Cash (BCH) $ 368.11
monero
Monero (XMR) $ 163.01
bitcoin
Bitcoin (BTC) $ 66,383.79
ethereum
Ethereum (ETH) $ 3,420.68
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 584.53
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 0.622324
binance-usd
BUSD (BUSD) $ 0.99688
dogecoin
Dogecoin (DOGE) $ 0.132008
cardano
Cardano (ADA) $ 0.414503
solana
Solana (SOL) $ 178.99
matic-network
Polygon (MATIC) $ 0.537029
polkadot
Polkadot (DOT) $ 5.91
tron
TRON (TRX) $ 0.134314

Michael Saylor Issues Bitcoin Statement Amid Crypto Market Sell-off

Must Read

Amid an ongoing sell-off on the cryptocurrency market, Michael Saylor, a outstanding Bitcoin advocate and chairman of MicroStrategy, has made an announcement on X (Twitter) that resonated throughout the crypto area: “Simply Bitcoin.”

This two-word tweet comes because the crypto market faces vital liquidations, with Bitcoin’s value falling.

Simply #Bitcoin pic.twitter.com/jzXszQ9sfO

— Michael Saylor⚡️ (@saylor) July 3, 2024

Bitcoin, the biggest cryptocurrency by market worth, started its decline within the Tuesday buying and selling session, reaching $63,223 at one level earlier than falling additional.

The losses deepened on Wednesday as traders thought-about Fed chair Jerome Powell’s remarks, with Bitcoin reaching intraday lows of $59,509. On the time of writing, BTC was down 2.85% within the final 24 hours to $60,274.

Based on CoinGlass knowledge, the sell-off resulted within the liquidation of a major quantity of cryptocurrencies within the final 24 hours, totaling over $166 million. Nevertheless, this has not deterred Saylor’s confidence in Bitcoin as he reiterates his eager for the crypto asset in his tweet.

Crypto market drops

Cryptocurrencies fell Tuesday after Fed Chair Jerome Powell acknowledged that the central financial institution must see extra inflation progress earlier than reducing rates of interest, which are actually at 5.25%-5.50%. Powell revealed at a financial symposium in Sintra, Portugal, that the USA is coming nearer to a disinflationary path.

“We need to be extra assured that inflation is transferring sustainably down towards 2% earlier than we begin the method of lowering or loosening coverage,” Powell acknowledged.

The market losses deepened following Wednesday’s financial releases, which indicated that the labor market is cooling. Just lately launched knowledge confirmed weaker personal payroll progress than anticipated in June, however weekly jobless claims had been larger than economists predicted. The latest figures come forward of Friday’s extremely anticipated nonfarm payroll report for June.

Because the crypto market navigates a interval of uncertainty, the following few days and weeks shall be crucial in figuring out BTC’s value course.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

USDY Now Live on Noble, Expanding Opportunities in DeFi

The world of decentralized finance is frequently evolving, and the latest integration of USDY into the Cosmos ecosystem marks...
- Advertisement -

More Articles Like This