2024

Bitcoin

Orange

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As of today Sunday afternoon, the price of&nbsp;<a href="https://u.today/bitcoin-vs-gold-peter-schiff-and-anthony-scaramucci-clash-in-epic-debate">Bitcoin (BTC)</a> is trading in slight negative territory, quoting at $63,700. However, during the past week, we can state that the price of the main cryptocurrency grew by almost 1%.
Delving deeper into the&nbsp;<a href="https://u.today/stablecoins-on-verge-of-beating-visa-in-volume-how-will-it-affect-bitcoin">BTC price</a> chart we can see that from the week's lows of $56,552 to the highs of $64,734 Bitcoin has climbed 14.3%. That's a pretty solid result for an asset whose capitalization exceeds $1.25 trillion.
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="f3ca6228-8a7a-4f6c-a218-0620744007f6" src="https://u.today/sites/default/files/inline-images/BITCOIN.png">BTC to USD by <a href="https://coinmarketcap.com/currencies/bitcoin/">CoinMarketCap</a>
In the midst of these market movements,&nbsp;<a href="https://x.com/saylor/status/1786760977133806003">Michael Saylor</a>, a prominent advocate for cryptocurrency, made a significant statement titled "Bitcoin Emerges." The statement, characteristic of Saylor's consistent support for the cryptocurrency, signals a notable moment in Bitcoin's ongoing narrative.
<h2 id="microstrategy-s-macro-steps">MicroStrategy's macro steps</h2>
In addition to Saylor's announcement, MicroStrategy, the company headed by him, introduced a new development known as MicroStrategy Orange earlier this week. This open-source decentralized identity protocol utilizes Bitcoin's Segregated Witness capabilities, enabling efficient storage of DID-related data with minimal size and content restrictions.
<blockquote>
 "As those other crypto assets fail.., those crypto users are going to move to another crypto network: Bitcoin. Bitcoin will be around for the long run. It will be around long after those other brands fail."-<a href="https://twitter.com/saylor?ref_src=twsrc%5Etfw">@saylor</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/hashtag/BitcoinforCorporations?src=hash&amp;ref_src=twsrc%5Etfw">#BitcoinforCorporations</a>— MicroStrategy (@MicroStrategy) <a href="https://twitter.com/MicroStrategy/status/1786068998075060585?ref_src=twsrc%5Etfw">May 2, 2024</a>
</blockquote> 
Regarding MicroStrategy's&nbsp;<a href="https://u.today/solana-based-dogwifhat-and-dogecoin-pare-gains-as-bitcoin-struggles-to-reclaim-64k">Bitcoin</a> holdings, the company revealed impressive figures in its latest earnings report. With 214,400 BTC valued at more than $7.5 billion, the company continues to assert its position as a major BTC holder.
Notably, the company boosted its holdings by acquiring an additional 122 BTC for $7.8 million in April, further strengthening its cryptocurrency reserves. Despite a 5% decline in revenue year-over-year, totaling $115 million, MicroStrategy remains focused in its Bitcoin-focused approach.

Michael Saylor Unveils Crucial Bitcoin Statement as Price Recovers

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