As Bitcoin (BTC) dipped more than 5% to trade below $75,000, MicroStrategy executive chairman Michael Saylor made waves with a single-word tweet: “HODL.”

This post, short yet powerful, was Saylor’s first comment on the latest market correction, where macroeconomic headwinds sent the broader crypto market into the red during early Wednesday trading. But Saylor’s message carried weight—and a deeper meaning.

🔹 What does HODL mean?

In crypto slang, “HODL” originated as a typo of “hold” and evolved into a battle cry among crypto believers. It symbolizes unwavering confidence—an encouragement to hold onto your crypto assets regardless of market volatility.

MicroStrategy stays bullish despite market correction

Under Saylor’s leadership, MicroStrategy has become one of the biggest corporate holders of Bitcoin. Just over a week ago, the company announced a $1.9 billion BTC purchase—its largest investment in Bitcoin to date.

As of March 30, MicroStrategy held 528,185 BTC, acquired for approximately $35.63 billion at an average price of $67,458 per coin.

Despite the broader dip in markets, Saylor’s continued stance suggests that MicroStrategy has no intention of backing off.

Bitcoin price dips after brief rally

Bitcoin fell sharply below $75,000 at the start of Wednesday’s trading session, erasing gains from Monday’s brief rebound to $81,223. At the time of writing, BTC was hovering near $76,384, after hitting an intraday low of $74,553, marking a 4.14% decline in 24 hours.

Other major cryptocurrencies followed suit:

🔹 Ethereum (ETH) dropped 6%

🔹 Dogecoin (DOGE), Cardano (ADA), and Toncoin all fell by more than 6%

Meanwhile, the total crypto market cap dropped 2%, extending the 7-day downtrend. Over the past 24 hours, crypto derivatives saw a total of $443 million in liquidations, signaling continued market stress.

What’s next for BTC?

Analysts are advising short-term caution amid macro uncertainty, though some remain optimistic about a recovery if conditions improve. Others predict that Bitcoin could revisit the $70,000 level, putting more pressure on major cryptocurrencies.

Still, for true believers like Saylor, the message remains the same:

“HODL.”

#MichaelSaylor , #BTC , #bitcoin , #CryptoMarket , #CryptoNewss

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