In the grand theater of finance, where fortunes rise and fall faster than a dandified dandy’s ego, the cryptocurrency realm wobbled under the weight of economic portents. Bitcoin, that wild, untameable beast, tumbled down from its lofty clouds, plummeting to a humble low of $107,327. Investors, draped in worry and macroeconomic concerns, watched as their digital gold danced dangerously close to the edge of a financial abyss. 🎢
Enter Michael Saylor, the sage of strategy, who, amidst the chaos, proclaimed with an optimism as radiant as a moonlit mascarade, “No tariffs on Bitcoin.” Ah, how the poet of profit delights in a simple phrase—an almost Wildean flourish in the midst of doom.
“No Tariffs on Bitcoin”
— Michael Saylor (@saylor) May 23, 2025
His tweet, a masterstroke of brevity and bravado, insinuates that Bitcoin remains unshackled—an ungoverned, rebellious asset immune to the petty squabbles of macroeconomic meddling. One might whisper, “Shall we toast to your eternal optimism, dear Saylor?” 🍸
This week, amidst dramatic market theatrics, Saylor’s Strategy announced its daring plan to offload up to $2.1 billion of perpetual preferred stock—motivated, no doubt, by the fact that Bitcoin was reaching new euphoric heights. The man clearly enjoys a good sale, even as Bitcoin soared past $111,000—an occasion for institutional demand and regulatory certainty to turn the market into a veritable champagne fountain. The crypto sector’s market cap flaunted its wealth, swelling to $2.2 trillion, as if to say, “Look upon my works, ye mighty, and despair!”
Bitcoin Price Drops, Oh What a Tragedy! 😱
Alas, the mood turned somber. As if defying Wilde himself, Bitcoin now hovers just below $109,000, retreating in a fit of profit-taking—perhaps wondering, “Is this all there is?” Profits, like theatrical stars, come and go, leaving traders gulping in despair or perhaps contemplating a more poetic exit.
The early U.S. morning sun brought doom, as risk assets—including our beleaguered hero—tumbled amid macabre macroeconomic whispers. Futures, once lounging comfortably in moderate gains, suddenly plunged nearly 2%. After touching a high of $112,000 on Coinbase—oh, the thrill!—Bitcoin plunged, reaching depths of $107,327, as if overwhelmed by a particularly gloomy play of Shakespearean tragedy. 🎭
Meanwhile, in the last act, Bitcoin languished at $108,501, down 2.44% in a day that could only be described as a splendid spectacle of liquidations—$540 million wiped out, as per CoinGlass—reminding us all that fortune is a fickle mistress, and irony a cruel jest.
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2025-05-23 17:23