MicroStrategy’s Michael Saylor reacts as Bitcoin (BTC) price hits $71,000

Featured in:
abcd

U.Today – (BTC), the first and largest cryptocurrency by market capitalization, surged to $72,000 during Tuesday’s trading session, reaching an intraday high of $71,980. The largest cryptocurrency asset extended its rally since Monday’s session, when its price rose from $66,057 to $71,560, the highest level since early April.

Cryptocurrency prices rose on signs of progress toward U.S. approval of exchange-traded funds that invest directly in cryptocurrencies, a departure from more gloomy forecasts last week.

sadasda

The market-moving ETF speculation is reminiscent of investor excitement that greeted comparable U.S. Bitcoin ETFs, whose January debut pushed the largest digital asset to a record high.

Amid this euphoria, Michael Saylor, president of MicroStrategy, approached X with an intriguing but compelling message: “Escape the Matrix.” This tweet comes at a time when the cryptocurrency market is witnessing an epic surge, with Bitcoin approaching current all-time highs.

At the time of writing, BTC has increased by 6.28% in the last 24 hours to 6.28% and by 16% in the last seven days. At current prices, Bitcoin is just 3.45% away from its all-time high of $73,350 reached in mid-March.

Literally, escaping the matrix means getting rid of all forms of external influences to determine what you truly want deep within your soul.

Saylor’s call to “Escape the Matrix” resonates with growing positive sentiment in the cryptocurrency market. The “matrix” could reflect previously imposed constraints, including external influences.

Bitcoin’s price was heavily influenced by macroeconomic developments in recent weeks, dropping to a low of $56,903 on May 2 before recovering.

While Saylor’s tweet remains open to interpretation, “Escape the Matrix” may be more than just a slogan; it can be a call to action for people who want to push the boundaries of what seems possible.

This article was originally published on U.Today

abcd
sadasda

Find us on

Latest articles

Related articles

See more articles

‘Rich Dad Poor Dad’ Author Lists Easiest Way to...

U.Today - Here are the top three news stories presented by U.Today. The author of the book "Rich...

Bullish News: Top Analysts Predict Altcoin Bottom Today, Market...

In a recent social media post, renowned cryptocurrency analyst Michael Van de Poppe shared his predictions about...

“Retail is not yet a key factor”: Raoul Pal...

U.Today – The cryptocurrency market has been abuzz with speculation about price stagnation, which some attribute to...

Bulls take control: XRP price undergoes short-term recovery

XRP has recently experienced a momentary revival amid continued market volatility. After a period of sustained...

LIF3.com and DeFi.Gold Forge Groundbreaking Partnership to Integrate Native...

Roadtown, British Virgin Islands, June 12, 2024, Chainwire LIF3.com, the pioneering team behind the LIF3 multi-chain decentralized...

Cardano (ADA) heading into retreat? The analyst considers...

Cardano (ADA), a intelligent contract platform known for its precise development process, is on... critical moment. ...