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Saylor unveils $21B BTC purchase plan amid market crash: How will Bitcoin price react this week?


Published on 2025-03-11 12:21:15 - FXStreet
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  • Bitcoin (BTC) tumbled to record lows as multiple bearish catalysts combined to drive market sentiment downward. The latest United States (US) Nonarm Payrolls (NFP) report signaled rising inflation, triggering capital flight from risk assets into fixed-income instruments as investors braced for a hawkish Federal Reserve (Fed) stance.

Michael Saylor, co-founder and Executive Chairman of MicroStrategy, has announced a plan to purchase $21 billion worth of Bitcoin (BTC) amidst a recent market crash, aiming to bolster the company's holdings in the cryptocurrency. This announcement comes at a time when Bitcoin experienced a significant price drop, losing over 10% in a single day, which has led to widespread market volatility. Saylor's strategy is seen as a vote of confidence in Bitcoin's long-term value, potentially influencing other investors and possibly stabilizing or even increasing Bitcoin's price in the short term. Analysts are closely watching how this move will affect Bitcoin's price dynamics this week, with expectations ranging from a potential recovery driven by increased institutional interest to further volatility as the market absorbs this large-scale investment.

Read the Full FXStreet Article at:
[ https://www.fxstreet.com/cryptocurrencies/news/saylor-unveils-21b-btc-purchase-plan-amid-market-crash-how-will-bitcoin-price-react-this-week-202503101849 ]