Bitcoin’s Wild Ride 🚀

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As the world held its breath, Michael Saylor, the maestro of MicroStrategy, took to the stage of social media to proclaim the arrival of a Bitcoin dip, a symphony of sorts, orchestrated by the fresh CPI annual rate for January.

“Let’s go!” Saylor tweets, a man possessed by the spirit of Bitcoin

And what better way to express his unbridled enthusiasm than with an AI-generated image of a rocket, emblazoned with the Bitcoin logo, soaring through the cosmos, leaving a trail of planets in its wake? 🚀

“Let’s go,” the Bitcoin evangelist tweeted, his words dripping with sarcasm, as if to say, “Oh, joy! Bitcoin has dropped 1.5%!” The cryptocurrency, once perched at $96,420, had tumbled to $94,100, only to regain its footing at $95,000.

Let’s Go 🚀

— Michael Saylor⚡️ (@saylor) February 12, 2025

And what, pray tell, was the catalyst for this sudden drop? The consumer price index (CPI) data for January, which had exceeded the expectations of analysts, like a surprise party guest. The numbers, 3.3% versus 3.10%, were a stark reminder that the world of finance is always full of surprises.

The US announced that the unadjusted core CPI annual rate in January was 3.3%, expected to be 3.10%, and the previous value was 3.20%. The monthly rate of seasonally adjusted CPI in January was 0.5%, expected to be 0.30%, and the previous value was 0.40%. The unadjusted CPI…

— Wu Blockchain (@WuBlockchain) February 12, 2025

And then, like a punchline to a joke, Colin Wu, the Chinese cryptocurrency commentator and journalist, chimed in with the unadjusted CPI annual rate in January, a whopping 3%, the largest increase since June 2024. The world’s largest cryptocurrency, Bitcoin, reacted with a drop, only to rebound, like a phoenix from the ashes, a testament to its strength, maturity, and market resilience.

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2025-02-12 17:23