Over lunch, we naturally look at the live Bitcoin (BTC) price and the prices of the top 25 crypto. Then we analyze the impact of the resignation of MicroStrategy top executive Michael Saylor. We also analyze whether we have already seen the BTC bottom. Finally, we analyze the key quotes for the Bitcoin (BTC) price in the short term.
We start of course with the live Bitcoin (BTC) price and the prices of the top 25 crypto.
Live Bitcoin (BTC) price and prices top 25 crypto rise
At the time of writing, the live Bitcoin (BTC) price is quoting EUR 22,750.14 ($23,343.34). This is 2.44% higher than during our Bitcoin lunch yesterday.
The prices of most coins in the top 25 crypto are also rising. Besides the stable coins, only Solana (SOL) is losing 2.56%. Uniswap (UNI) with +12,15% currently records the largest gain. On the site of Tradeincrypto.com you can analyze all live crypto prices 24 hours a day.
MicroStrategy top executive Michael Saylor resigns position after Bitcoin loss and that’s good news
One of the frontrunners in the entry of institutional investors into the Bitcoin (BTC) market was U.S.-listed MicroStrategy. CEO Michael Saylor has since emerged as an influential BTC enthusiast. Despite the enthusiasm, MicroStrategy had to announce a loss of almost a billion for the second quarter as a result of these investments in Bitcoin. Top executive Michael Saylor announced at the same time that he was stepping down as CEO. Those who expected a drop in the price of Bitcoin as a result were disappointed, however.
In his role as executive chairman, Saylor will focus even more on the strategic acquisition of Bitcoin within MicroStrategy. The company has in fact made the purchase and storage of Bitcoin (BTC) its corporate strategy. This makes Saylor’s role an important one. This is good for the reputation of the Bitcoin and crypto market. As far as we know, it is also the first time that a non-financially listed company has embraced BTC and crypto as a strategy.
Investor believes BTC bottom has been reached
In an interview with MarketWatch, Anthony Scaramucci, top executive of SkyBridge Capital explains that the bottom of the BTC price was reached at the low point of the past bear cycle. This puts the bottom at $17,500. According to Scaramucci, the way is open for a recovery. Based on the fair market value analysis, he expects the currency to rise to $40,000. However, due to macroeconomic developments, he thinks the recovery will be slower than after previous bearish cycles.
Bitcoin (Image: Pexels / Alesia Kozik)
These are the Bitcoin (BTC) price key quotes in the short term
After several negative days, the Bitcoin (BTC) has regained ground. As a result, one of the first key quotes is $22,650. This resistance was at the 0.5 FIB retracement level and has now been broken. This allows this resistance to be promoted to a support level.
If successful, further growth to $23,650 and $24,669 lies open. With this, the Bitcoin (BTC) seems to be still on the third of 5 upward waves. The third wave is always the one with the largest upward trends. According to analysis, this pattern is valid as long as the price remains above $22,230. Thus, there seems to be renewed perspective for the BTC bulls in the market.
Want to stay informed about the latest price developments?
You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real time. So it could be an exciting afternoon.
Note: We never give financial advice, so you can’t interpret our contributions that way either. Always do your own research and decide rationally if, when, what and how much you want to invest in.