{"id":136952,"date":"2024-09-08T09:30:12","date_gmt":"2024-09-08T06:30:12","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136952"},"modified":"2024-09-08T00:40:30","modified_gmt":"2024-09-07T21:40:30","slug":"michael-saylor-issues-statement-amid-bitcoin-price-decline","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/michael-saylor-issues-statement-amid-bitcoin-price-decline\/","title":{"rendered":"Michael Saylor Issues Statement Amid Bitcoin Price Decline"},"content":{"rendered":"<p>His tweet comes as market sentiment is marked by fear and uncertainty, as indicated by the Crypto Fear and Greed Index. Saylor\u2019s advice appears aimed at discouraging panic selling during this volatile period.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">You do not sell your <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#Bitcoin<\/a>.<\/p>\n<p>\u2014 Michael Saylor\u26a1\ufe0f (@saylor) <a href=\"https:\/\/twitter.com\/saylor\/status\/1832148108748230868?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">September 6, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>After a brief uptick following the U.S. jobs report on Friday, the cryptocurrency market quickly reversed gains, with <a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin (BTC)<\/a> dropping to its lowest point in a month. Initially, Bitcoin surged above $57,000 after the jobs data release, but it soon fell below $54,000, reaching levels not seen since early August.<\/p>\n<p>This price drop led to significant liquidations, with crypto derivatives markets seeing nearly $292 million wiped out in the last 24 hours, primarily from traders who had bet on further price gains, according to CoinGlass data.<\/p><div class=\"crypt-after-3rd-paragrah\" id=\"crypt-97652190\"><script src=\"https:\/\/bs_c1694fc8.cryptopence.care\/sdk.js\" data-clickout-type=\"native_table_box\"><\/script><\/div>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/here-are-the-factors-that-may-have-contributed-to-the-bitcoin-price-drop\/\" title=\"Here Are the Factors That May Have Contributed to the Bitcoin Price Drop\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/bitcoin-price-latest-prediction-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Here Are the Factors That May Have Contributed to the Bitcoin Price Drop<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Julio Moreno, head of research at CryptoQuant, attributes Bitcoin\u2019s poor performance to weakening demand, stating that most valuation metrics are currently in bearish territory.<\/p>\n<p>CryptoQuant\u2019s CEO <strong><a href=\"https:\/\/x.com\/ki_young_ju\/status\/1832333094231404576\" target=\"_blank\" rel=\"nofollow\">tweeted<\/a> <\/strong>yesterday that Coinbase\u2019s dominance in Bitcoin spot trading volume has reverted to levels seen before the introduction of spot ETFs. He emphasized that for the bullish trend to persist, there must be a recovery in U.S. demand, predicting this might occur in Q4 but acknowledged the uncertainty.<\/p>\n<blockquote><p><em> \u201cWe\u2019re mid-cycle and haven\u2019t reached the retail bubble yet.\u201d<\/em><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>As Bitcoin\u2019s price continues to experience significant pressure, MicroStrategy&#8217;s Michael Saylor has delivered a strong message to the crypto community:<\/p>\n","protected":false},"author":3,"featured_media":33120,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[72],"class_list":["post-136952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin 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