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Bitcoin Slumps Below $20K as Long-Term Holders Face Massive Selling Pressure

●Bitcoin (BTC): $19,453 −5.5% ●Ether (ETH): $1,042 −9.1% ●S&P 500 daily close: 3,818.80 −0.9% ●Gold: $1,724 per troy ounce −0.3% ●Ten-year Treasury yield daily close: 2.96% −0.03 Bitcoin, ether and gold prices are taken at approximately 4pm New York time. Bitcoin is the CryptoX Bitcoin Price Index (XBX); Ether is the CryptoX Ether Price Index

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Michael Saylor assuages investors after market slumps hurts MSTR, BTC

MicroStrategy’s CEO and Bitcoin proponent Michael Saylor is confident his firm’s BTC holdings will more than cover a potential margin call on Bitcoin-backed loans.The American business intelligence and software giant made headlines in 2021 with a number of major investments into Bitcoin. Saylor was a driving force behind MicroStrategy’s decision

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