Final hours! Save up to 50% OFF InvestingProCLAIM SALE

Michael Saylor Makes Bitcoin Statement as BTC Reclaims $62,000 Briefly

Published 2024-08-09, 08:44 a/m
© Reuters Michael Saylor Makes Bitcoin Statement as BTC Reclaims $62,000 Briefly
MSTR
-
BTC/USD
-

U.Today - Michael Saylor, the founder of the largest single Bitcoin corporate holder MicroStrategy, took to his handle of the X platform to share his comment on a price jump made by BTC on Thursday.

Bitcoin briefly reclaims $62,000

Between Thursday and early hours of Friday, the world’s leading cryptocurrency made a 9% leap upward, reaching the $62,440 price level. This way, Bitcoin also demonstrated a roughly 25% rise over the past few days.

That price surge was driven by a number of factors, which included an important victory of Ripple and XRP in court over the SEC. As the Ripple CEO Brad Garlinghouse stated, that win was important not only for the company and XRP but for the global cryptocurrency space too.

Today, however, Bitcoin made a 3.3% setback, falling back into the $60,360 zone.

Michael Saylor reacted to the Bitcoin brief surge above $62,000 by posting a Bitcoin-themed image and tweeting: “Solve the Puzzle with ₿itcoin.”

This article was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.