Bitcoin prices have fallen to a six-day low of $92,775 during morning trading in Asia. 📉 The correction has decreased the asset by nearly 7% from the record high of $99,845. However, recovery has already begun, and Bitcoin has almost reached $95,000. It has risen by 40% this month.
Michael Saylor from MicroStrategy bought 55,500 BTC for $5.4 billion, but the price has not increased. Analysts believe that long-term holders are taking profits, which explains the decline. 🤔
Ethereum and other altcoins, such as XRP and AVAX, continue to gain momentum despite the overall market capitalization dropping to $3.4 trillion due to Bitcoin's dominance.