Michael Saylor's bullish BTC tweet pushes Bitcoin up 4.89% to over $56,500, emphasizing stability

From Investing.com: 2024-07-06 06:30:17

Michael Saylor, co-founder of MicroStrategy, has shared a bullish BTC tweet as Bitcoin recovers with a 4.89% gain in the last 24 hours, moving away from the $53,900 level. Saylor’s message to the Bitcoin community highlights Bitcoin’s stability amidst recent market volatility.

Bitcoin saw a 5% increase, climbing from $53,900 to $56,550, following the release of positive June non-farm payrolls report in the U.S., surpassing analyst expectations with 206,000 jobs created versus 190,000 projected.

The U.S., German governments, and Mt Gox have collectively moved $1.08 billion in Bitcoin, totaling 17,778 BTC since June 19. The entities hold a significant amount of Bitcoin, with the U.S. government owning 213,297 BTC, Germany with 41,226 BTC, and Mt Gox holding 141,687 BTC.

Mt Gox has begun repaying Bitcoin to investors affected by the 2014 hack. The Bitcoin held by governments was seized from illegal activities and money laundering, with the U.S. government also possessing Bitcoin from the shutdown of the Darknet marketplace, Silk Road.

Read more at Investing.com: Michael Saylor Sends Bullish BTC Message as Bitcoin Recovers From Below $54,000 By U.Today