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Saylor Declares Crypto Winter Over as Bitcoin Holds $78K with Bullish MA Crossover

Bitcoin traded around $78,000 on April 24, up roughly 30% from early-February lows near $60,000, as Michael Saylor proclaimed the crypto winter over following his April 23 tweet. MicroStrategy bolstered its holdings to 780,897 BTC worth $63 billion by adding 13,927 coins, recovering profit after a $1 trillion market cap drop over three months. Experts like Mati Greenspan view the sell-off as a bull market pullback bottom, driven by institutional accumulation and nation-state adoption, with a 20-day MA crossing above the 50-day signaling upside potential past $80,000.

Category

Bitcoin

Sentiment

Mixed

Event

Institutional outlook

Reading time

1 min