{"id":6206,"date":"2026-06-08T06:48:39","date_gmt":"2026-06-08T06:48:39","guid":{"rendered":"https:\/\/www.fintechpulse8.com\/?p=6206"},"modified":"2026-06-08T06:48:39","modified_gmt":"2026-06-08T06:48:39","slug":"bitcoin-steadies-after-60-000-breach-as-saylor-hints-at-buying","status":"publish","type":"post","link":"https:\/\/www.fintechpulse8.com\/?p=6206","title":{"rendered":"Bitcoin steadies after $60 000 breach as Saylor hints at buying"},"content":{"rendered":"

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Bitcoin steadied in Asia trading Monday after dropping below $60,000 late last week as Strategy Inc. Chairman Michael Saylor hinted at further purchases.<\/p>\n

The original cryptocurrency climbed as much as 3.8% to nearly $64 200 and was trading around $63 000 at noon in Singapore. Ether, the second-largest token, was more than 3% firmer at around $1 680.<\/p>\n

Bitcoin slumped as much as 7% to $59,101 on Friday in New York trading hours, falling below $60 000 for the first time since Donald Trump won reelection in 2024. Strategy\u2019s disclosure of a small sale, its first since 2022, contributed to the token\u2019s 18% decline last week as it undermined the narrative that the digital-asset treasury firm would never sell.<\/p>\n

A social-media post from Saylor suggesting Strategy may announce more Bitcoin buying has helped to soothe market nerves.<\/p>\n

Richard Galvin, executive chairman at crypto investment firm DACM, said the market had looked oversold and Saylor\u2019s post on X this morning \u201csuggests he has been buying.\u201d<\/p>\n

\u201cThe key short-term determinant of crypto market direction will likely be Strategy\u2019s 8-K filing in the US morning, which will make it clearer what the company has done over the last few days,\u201d he said, referring to a filing with the US Securities and Exchange Commission.<\/p>\n

\u2018Incredibly shaky\u2019<\/span><\/h3>\n

Still, traders didn\u2019t appear convinced that the turnaround was durable. \u201cWe reduced our portfolio across the board and increased our cash levels to the highest they have been in two years,\u201d Galvin said.<\/p>\n

Bitcoin has lost about half its value since reaching a peak above $126 000 in October last year.<\/p>\n

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CONTINUE READING BELOW<\/p>\n<\/div>\n<\/div>\n

Last week\u2019s drop was fuelled by a combination of investors pulling money from Bitcoin-tied exchange-traded funds, renewed geopolitical tensions and growing concerns about the durability of Strategy and other digital-asset treasuries, one of the market\u2019s most important sources of demand.<\/p>\n

Bitcoin briefly trimmed gains Monday on news of Israel\u2019s retaliatory attack on Iran as the war continued to plague the economic outlook.<\/p>\n

\u201cSentiment is incredibly shaky,\u201d said Pratik Kala, a portfolio manager at Apollo Crypto, a digital-asset hedge fund, adding much will depend on what Strategy does next.<\/p>\n

\u201cWe bought a lot of downside protection via puts,\u201d he said. \u201cThere is always a mean reversion trade after a big dump. Some algos and traders step in whilst others may be optimistic that Saylor and Strategy have a bigger plan.\u201d<\/p>\n

\u00a9 2026 Bloomberg<\/p>\n<\/p><\/div>\n

#Bitcoin #steadies #breach #Saylor #hints #buying<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin steadied in Asia trading Monday after dropping below $60,000 late last week as Strategy Inc. Chairman Michael Saylor hinted at further purchases. The original cryptocurrency climbed as much as… <\/p>\n","protected":false},"author":1,"featured_media":6207,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[95,344,3997,1496,3263,2976],"class_list":["post-6206","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing","tag-bitcoin","tag-breach","tag-buying","tag-hints","tag-saylor","tag-steadies"],"_links":{"self":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts\/6206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6206"}],"version-history":[{"count":0,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts\/6206\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/media\/6207"}],"wp:attachment":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}