At the end of its July meeting, the Fed left benchmark interest rates unchanged and provided little indication that a much-anticipated rate decrease in September was guaranteed.
Fed Chair Jerome Powell noted that, while no decisions have been made regarding a September decrease, the “broad sense is that we’re moving closer” to an interest rate cut.
In his tweet, Saylor simply stated, “We love the coin,” maintaining his bullish attitude despite the recent market dip.
Under Saylor’s leadership, MicroStrategy has amassed a huge quantity of Bitcoin, making it one of the largest corporate holders of the cryptocurrency. As of June 20, MicroStrategy has 226,331 BTC purchased for around $8.33 billion at an average price of $36,798.
The crypto community continues to closely watch Bitcoin’s price movements as events play out in the short term.
Within this time frame, long liquidations on the crypto market amounted to $208.01 million, accounting for the majority of positions wagering on price direction. A total of $22.95 million in short positions were also liquidated, according to CoinGlass data.
The majority of the liquidations were attributed to Ethereum, accounting for $54.64 million of long positions, followed by $51.64 million for Bitcoin.
Bitcoin has fallen below $65,000, declining 3.36% over the last 24 hours to trade at around $64,093.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
