CandleFocus Michael Saylor Issues Crucial Bitcoin Message as Market Uncertainty Persists
2025-02-16
Author: Content Editor
The crypto market is experiencing losses, with Bitcoin down 0.45% in the last 24 hours and other major cryptocurrencies like Ethereum, XRP, Solana, Dogecoin, and Cardano posting losses between 1% and 4%. Several lesser-known cryptocurrencies had higher losses ranging from 4% to 6%. CoinGlass data shows that total crypto liquidations amounted to over $89 million. Strategy's co-founder, Michael Saylor, highlighted the importance of long-term holding strategies for strengthening the Bitcoin network in a tweet. Bitcoin's price has been relatively flat, and it currently sits at $97,117. Strategy recently resumed buying Bitcoin after a one-week break, spending $742.4 million between February 3 and February 9. The recent increase in consumer prices in the US led to selling in risk assets like Bitcoin. Investors withdrew money from Bitcoin exchange-traded funds throughout the week but had a small positive inflow on Friday.
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