Renowned Bitcoin evangelist, MicroStrategy co-founder and CEO Michael Saylor took to social media platform , as it reclaimed the $63,000 level and even managed to break above $63,560 briefly.
Renowned Bitcoin evangelist, MicroStrategy co-founder and CEO Michael Saylor took to social media platform by recovering the $63,000. level and even managed to briefly surpass $63,560.
Saylor issued a message urging optimism about Bitcoin, addressing the global BTC community.
Michael Saylor’s Bitcoin Statement
The vocal Bitcoiner met the sudden surge in BTC price with cold triumph and urged the crypto community to sell US dollars to buy Bitcoin with the profits.
He tweeted just two words: “sell” and “buy.” The initials of those words, “S” and “B”, clearly form the symbols of the US dollar and the world’s most important digital currency.
Last week, Bitcoin plummeted from the $64,470 level, dropping a whopping 7%. The gradual recovery began on Friday, when BTC rallied and achieved a 3.35% rally, rising to $61,980 on Sunday. The next surge took the largest cryptocurrency back above $63,000 and up over $63,500.
However, by now there has been a small rally and Bitcoin is changing hands at $63,200.
However, as the battered Mt. Gox crypto exchange will begin paying out BTC to investors this week, analysts at JP Morgan expect a sell-off to begin. The exchange will pay out $9 billion in Bitcoin.
Yuri MolchanNew Bitcoin ETF Inflows
According to a recent report from analytics account @lookonchain, on June 28, Bitcoin spot ETFs recorded a cumulative inflow of over $36.5 million into cryptocurrencies; nine ETFs have added approximately 596 BTC. The largest inflow was witnessed by the Invesco Galaxy ETF: 152 BTC. It was followed by the Bitwise Bitcoin ETF, which gained 131 BTC. Fidelity exchange-traded fund absorbed 109 BTC.
The smallest inflow was recorded by Ark Invest, which held 30 BTC. Bitcoin ETFs have dominated the market since mid-January. Back then, the US regulator SEC granted approval for BTC spot funds, allowing them to start trading. Since then, these ETFs have been accumulating Bitcoin on a daily basis. Before the halving occurred in the second part of April, the ETFs were accumulating more than 10,000 BTC per day.
