The post Saylor Eyes Bitcoin Buy as Price Drops Below $88K Mark appeared on BitcoinEthereumNews.com. Bitcoin dropped to $87,600 on Sunday, its lowest price levelThe post Saylor Eyes Bitcoin Buy as Price Drops Below $88K Mark appeared on BitcoinEthereumNews.com. Bitcoin dropped to $87,600 on Sunday, its lowest price level

Saylor Eyes Bitcoin Buy as Price Drops Below $88K Mark

  • Bitcoin dropped to $87,600 on Sunday, its lowest price level in two weeks.
  • Michael Saylor hints at a new Bitcoin purchase with cryptic social media post.

Strategy Executive Chairman Michael Saylor has also alluded to another big Bitcoin acquisition as the cryptocurrency is under fresh selling pressure. Bitcoin fell to $87,600 on Sunday, the lowest point in two weeks since early December.

Since then, the digital asset has been reclaiming more than $89,000, yet market volatility remains to reign supreme. Saylor shared a suggestive post on social media that said “Back to More Orange Dots” with the portfolio chart of the company. Market observers and history show that his signals are usually followed by large Bitcoin buys in the next 24 hours.

Market Anxiety Rises after Bank of Japan Rate Decision

Market analysts have pointed to the next monetary policy meeting of the Bank of Japan as a key trigger to the volatility of Bitcoin. It is anticipated that the central bank will increase the interest rates by 25 basis points on December 18-19. There is a 98% chance of this happening according to prediction markets, and it is causing panic among cryptocurrency traders.

The historical trends show that there is a worrying trend: after each increase in the rate of the Bank of Japan, Bitcoin has fallen considerably. The cryptocurrency lost 23% following the March 2024 increase, and 26% following the July adjustment. Most recently, Bitcoin fell 31% following the January 2025 rate rise, which has become a trend of sharp corrections. Other analysts caution that Bitcoin might drop to below 70,000 in case the historical trend is repeated.

The pressure to sell is attributed to the fact that Japan is the biggest foreign owner of the U.S. 

government debt. Increased Japanese rates make the yen stronger and investors are forced to liquidate their profitable positions in the so-called yen carry trade. This decreases the liquidity in the world to riskier assets such as cryptocurrencies, which puts pressure on the prices downwards.

Strategy is currently in possession of 660,624 Bitcoin worth about $58.5 billion at the current market prices. The average purchase cost of the company is at 74,696 per coin, which implies that it is profitable on investments. Long-term investors such as Saylor are still buying Bitcoin even when the market is weak despite the growing fears of possible volatility.

Highlighted Crypto News Today: 

PEPE Bears on the Hunt: Will the Red Streak Continue?

Source: https://thenewscrypto.com/saylor-eyes-bitcoin-buy-as-price-drops-below-88k-mark/

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