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Live markets: Saylor speaks as bitcoin plunges to $62,000
Key takeaways
- The panicky action got more so overnight, with bitcoin (BTC) careening to as low as $61,400 before quickly bouncing back to $64,000.
- Ahead of the open of U.S. stocks, bitcoin is headed lower again, currently trading at $62,400, down 7% over the past 24 hours.
- At the center of the plunge, Strategy Executive Chairman Michael Saylor has spoken.
The panicky action got more so overnight, with bitcoin (BTC) careening to as low as $61,400 before quickly bouncing back to $64,000.
Ahead of the open of U.S. stocks, bitcoin is headed lower again, currently trading at $62,400, down 7% over the past 24 hours.
At the center of the plunge, Strategy Executive Chairman Michael Saylor has spoken. "Capital markets are funding the AI buildout at historic scale: ~$400B over 6 months," Saylor posted to X minutes ago. "Bitcoin ETFs have seen ~$4B of outflows since May 14, pressuring BTC," he continued.
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