Bitcoin price drops below $92,000, Michael Saylor encourages buying, MicroStrategy makes huge purchase

From Investing.com

November 26, 2024 1:00:24 pm:

Michael Saylor of MicroStrategy encourages investing in Bitcoin as the cryptocurrency falls below $92,000. Peter H. Diamandis agrees, saying it’s “never too late” to buy BTC. Natalie Brunell also shows support, claiming “The ₿est is yet to come.”

MicroStrategy makes a huge Bitcoin purchase of 55,500 BTC worth $5.4 billion, totaling 386,700 BTC valued at $21.9 billion. This is the company’s largest purchase yet, following a $4.6 billion buy earlier this year.

Bitcoin price drops by 7% to below $92,000 from $98,600, with a slight rebound to $92,192. Samson Mow announces “Bitcoin Black Friday” to encourage buying on the dip, as analysts speculate profit-taking due to recent all-time highs near $100,000.

Read more at Investing.com: ‘It’s Never Too Late to Buy Bitcoin’ Michael Saylor Says as BTC Drops Below $92,000 By U.Today