Cryptocurrency News

Michael Saylor got wrecked, but Bitcoin investors needn’t panic

09/02/2022

Less than a minute

2022.09.02 01:02

Michael Saylor got wrecked, but Bitcoin investors needn’t panic

As cryptocurrency investors know, the market moves in cycles. We had the up-cycle when Bitcoin (BTC) and Ether (ETH) hit their all-time highs, and now the bears are back in town.

One of them mauled MicroStrategy founder and executive chairman Michael Saylor this week. In this case, it was a very powerful bear — Washington, D.C. Attorney General Karl Racine — suing the Bitcoin evangelist for allegedly owing $25 million in unpaid taxes. MicroStrategy’s stock price has fallen more than 13% on the news, from $251 on Aug. 29 to less than $220 on Sept. 1.

OpenSea users, volume and transactions statistics. Source: DappRadar

09/02/2022

Less than a minute

Leave a Reply Cancel reply

You must be logged in to post a comment.

Bitcoin (BTC) $ 67,206.01 0.78%

Ethereum (ETH) $ 2,616.86 0.37%

Tether (USDT) $ 0.99959 0.32%

BNB (BNB) $ 592.22 0.27%

Solana (SOL) $ 166.42 1.63%

USDC (USDC) $ 1.00 0.08%

XRP (XRP) $ 0.533097 1.30%

Lido Staked Ether (STETH) $ 2,616.27 0.76%

Dogecoin (DOGE) $ 0.138193 2.25%

TRON (TRX) $ 0.160072 1.80%

the-open-network

Toncoin (TON) $ 5.21 0.94%

Cardano (ADA) $ 0.363612 1.57%

Avalanche (AVAX) $ 27.51 0.00%

Wrapped stETH (WSTETH) $ 3,094.26 1.31%

Shiba Inu (SHIB) $ 0.000018 0.65%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 67,175.00 0.67%

WETH (WETH) $ 2,618.28 0.79%

Chainlink (LINK) $ 11.85 1.89%

Bitcoin Cash (BCH) $ 356.18 0.98%

Polkadot (DOT) $ 4.31 0.64%

Uniswap (UNI) $ 7.93 2.41%

Dai (DAI) $ 1.00 0.27%

NEAR Protocol (NEAR) $ 4.65 1.62%

LEO Token (LEO) $ 6.04 0.12%

Sui (SUI) $ 1.93 2.83%

Aptos (APT) $ 10.30 2.57%

Litecoin (LTC) $ 69.49 1.16%

Wrapped eETH (WEETH) $ 2,750.92 1.13%

Pepe (PEPE) $ 0.00001 0.28%

Bittensor (TAO) $ 541.84 1.00%

internet-computer

Internet Computer (ICP) $ 7.93 0.11%

Artificial Superintelligence Alliance (FET) $ 1.35 1.82%

Kaspa (KAS) $ 0.13593 5.71%

Monero (XMR) $ 156.58 0.49%

Ethereum Classic (ETC) $ 18.99 1.06%

Stellar (XLM) $ 0.095071 0.26%

polygon-ecosystem-token

POL (ex-MATIC) (POL) $ 0.364714 1.22%

Stacks (STX) $ 1.80 0.07%

first-digital-usd

First Digital USD (FDUSD) $ 0.999044 0.26%

WhiteBIT Coin (WBT) $ 18.14 1.86%

Ethena USDe (USDE) $ 1.00 0.13%

Immutable (IMX) $ 1.49 2.17%

dogwifhat (WIF) $ 2.42 2.40%

OKB (OKB) $ 40.09 0.03%

Arbitrum (ARB) $ 0.578622 0.71%

Aave (AAVE) $ 152.24 0.06%

Filecoin (FIL) $ 3.79 0.68%

Optimism (OP) $ 1.70 0.27%

crypto-com-chain

Cronos (CRO) $ 0.076964 0.13%

Mantle (MNT) $ 0.607252 1.44%