Picture this: Bitcoin (BTC) spiraling into yet another sea of red. Panicked traders, sweaty palms, and one man beaming in from the grand stage formerly known as Twitter (honestly, who do we have to bribe to just call it Twitter?). Enter Michael Saylor, Strategy Chairman extraordinaire, with a profound one-word statement to soothe our market-mercurial souls: âHODL.â Yes. Thatâs it. Game-changer, right? đ¤ˇââď¸
HODL
â Michael Saylor (@saylor) April 9, 2025
While Bitcoinâs price took a 5% nosedive in just 24 hoursâcourtesy of those beloved macroeconomic headwindsâSaylor channels his inner Mona Lisa, looking calmly bullish. I mean, why not? He only bought 528,185 BTC for a totally chill $35.63 billion. đ¤Śââď¸
Strategy, under his fearless (and possibly nervous-laughter-inducing) leadership, had already snapped up $1.9 billion worth of Bitcoin over a week ago. Thatâs a smidge more than my morning coffee budget, but hey, if youâre gonna dive bomb, might as well do it with style. And yes, all this for a casual average price of about $67,458 per BTC. đ
Because obviously, HODL is the only logical response.
Crypto market in red
So naturally, Bitcoin dipped below $75,000 (again) as if it were a drama queen looking for another cameo. The big players are feeling the pinchâapparently, we love to collectively lose money every now and then. After a fleeting rebound to $81,223 on Monday, Bitcoin drifted to a cozy spot around $76,000 at press time, down over 4%. Are we panicking yet? Maybe just a teeny bit.
Ethereum (ETH) decided to join the pity party, dropping 6%. Dogecoin (DOGE), Cardanoâs ADA, and Toncoin all said, âWhy not?â and followed suit. Global crypto market cap shrank by 2%. Probably the only bubble thatâs not bursting at the moment is the imaginary one in our heads telling us everything is fine. đŹ
With $443 million in crypto derivatives liquidated in the last 24 hours, analysts are recommending caution before we all proceed to YOLO our savings again. Still, theyâre not ruling out a sweet rebound if global economics shift. Meanwhile, some think Bitcoin could tumble further to $70,000âlike a cliffhanger in a soap opera that we just canât stop watching. Stay tuned for the next dramatic episode!
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2025-04-09 16:23