Michael Saylor’s Strategy ($MSTR) Makes Second Straight $1 Billion Bitcoin Buy

President Donald Trump announced at a press conference that he will review the case of Keonne Rodriguez, co-founder of the Samourai Bitcoin Wallet, regarding a potential pardon. This statement comes amidst ongoing legal challenges faced by the Samourai developers, who argue that existing laws have been misapplied against them.

Michael Saylor, the executive chairman of Strategy, has made headlines by purchasing nearly $1 billion worth of Bitcoin. However, shortly after this significant investment, the value of Bitcoin experienced a 4% decline, raising concerns about market volatility and the timing of such large acquisitions.

Fidelity has issued a cautionary outlook on the cryptocurrency market as it approaches 2026, highlighting short-term risks for investors while suggesting that long-term holders may still find opportunities to enter. This perspective reflects a significant shift in the crypto landscape, where volatility and uncertainty prevail.

Bitcoin is poised for a significant decline, with expectations of dropping below $84,000, potentially retesting the $70,000 support level as market dynamics shift and sellers take advantage of waning upward momentum.

The SEC Crypto Task Force's Roundtable on Financial Surveillance and Privacy is currently taking place in Washington D.C., where commissioners Paul Atkins and Hester Peirce emphasized the importance of balancing transparency in cryptocurrency with the need for privacy rights. This discussion reflects ongoing efforts to address regulatory frameworks in the evolving digital asset landscape.

Bitcoin's price has dropped below $87,000 following a significant sell-off on Wall Street, which liquidated approximately $200 million in long positions within an hour. This decline occurred despite Strategy's recent announcement of acquiring over 10,000 BTC, highlighting a stark contrast in market sentiment.

Bitcoin's price has fallen below $87,000, experiencing a 2% drop within 24 hours, coinciding with the liquidation of approximately $200 million in long positions in the cryptocurrency market. This decline marks a significant moment as it approaches a week-long low amid a trading volume of $38 billion.

Bitcoin's price has fallen below $89,000 following a grim weekend, exacerbated by low trading volumes and traders' caution ahead of significant U.S. economic data releases. This decline reflects a broader bearish sentiment in the cryptocurrency market as traders pull back on risk.