Bitcoin faced a sharp downturn early Friday as broader markets turned red, dragging the leading cryptocurrency down to a low of $107,327 amid mounting macroeconomic worries.
Amid the turbulence, Michael Saylor, founder of Strategy, remained unfazed and reaffirmed his bullish stance with a brief but pointed tweet:
"No tariffs on Bitcoin."
His three-word statement underscored his unwavering belief in Bitcoin as a borderless, inflation-resistant asset, immune to government interference.
Saylor’s comment came just days after Strategy revealed plans to raise up to $2.1 billion through the sale of 10% perpetual preferred stock. The announcement followed Bitcoin’s record-breaking surge to $112,000 on Thursday, pushing its market cap to a historic $2.2 trillion.
However, the rally was short-lived. A nearly 2% drop in U.S. stock futures sparked widespread profit-taking in crypto markets, causing Bitcoin to retreat alongside other digital assets.
As of now, Bitcoin is trading at $108,501, down 2.44% in the past 24 hours. Total liquidations across the crypto market have reached $540 million, according to CoinGlass.
Still, Saylor’s message rang clear: despite market volatility, Bitcoin’s core strengths remain intact.
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