From Investing.com: 2024-07-05 16:00:21

Michael Saylor responds to Bitcoin price slump by reaffirming belief in its enduring value. Bitcoin falls below $56,000, marking a four-day decline with over $800 million in bullish bets liquidated. Bitcoin now down 25% from March peak, raising concerns about higher interest rates. Speculators monitoring technical levels to determine next significant demand zone around $47,000. BTC must close above $61,000 for bull run to resume.

Read more at Investing.com: MicroStrategy’s Michael Saylor Reacts to BTC Price Slump By U.Today