As Bitcoin (BTC) trades in red amid the latest wave of market volatility, Strategy Chairman Michael Saylor worked on X (formerly Twitter) with a single response of “HODL.”
hodl
– Michael Saylor (@saylor) April 9, 2025
Bitcoin prices fell more than 5% in 24 hours as macroeconomic headwinds continued to push the broader crypto market to red in Wednesday’s session. Despite the drop, Saylor maintains his bullish attitude with a distinctive stoicism.
Under Saylor’s leadership, the strategy has become one of Bitcoin’s biggest corporate holders. More than a week ago, the strategy announced the purchase of $1.9 billion in Bitcoin, making it the company’s biggest investment in coins this year.
As of March 30, the strategy had held 528,185 BTC, acquired for around $35.63 billion at around $67,458 per Bitcoin.
Red Crypto Market
Bitcoin again fell below $75,000 in its initial session on Wednesday, affecting major cryptocurrencies. Traders’ retreats from Crypto Majors continued, sweeping all profits from recent relief rally. After a brief rebound to $81,223 on Monday, Bitcoin (BTC) retreated, stabilizing over $76,000 at press time.
Bitcoin has now dropped 4.14% in the last 24 hours to $76,384, reaching a low of $74,553.
Ethereum (ETH) fell by 6%, with major losses among key tokens, while Dogecoin (Doge), Cardano ADA and Toncoin also fell by more than 6%. Overall market capitalization fell by 2%, extending the seven-day decline. Crypto Derivatives has been struggling with a total liquidation of $443 million over the past 24 hours.
Analysts will be alert in the short term, but will see if Bitcoin will be rebound if macroeconomic conditions improve. Meanwhile, some traders predict that Bitcoin could drop to another $70,000, putting even more pressure on crypto majors.
