Tag: other major cryptocurrencies

We Won’t Back Down, Says Strategy’s Michael Saylor

The post We Won’t Back Down, Says Strategy’s Michael Saylor appeared com. Key Highlights Michael Saylor has stated in the latest post on X that his company is not backing off His statement comes after a previous post related to the MSCI controversy, which plans to implement new rules The cryptocurrency market is currently going through its biggest liquidation after Trump declared a trade war against China on Oct 10 Amid the current turmoil in the cryptocurrency market, Michael Saylor, executive chairman and co-founder of Strategy, shared a post on X (formerly Twitter), stating that “we won’t back down.” I Won’t ₿ack Down Michael Saylor (@saylor) November 23, 2025 The cryptocurrency market is going through one of the biggest liquidation periods in 2025. An intense sell-off that started in early October has wiped out billions of dollars of the crypto investment. This downward trend comes after a sharp reversal from the recent peak of the crypto market. In its high, Bitcoin has reached a new all-time high of around $126,000. By the middle of November, Bitcoin had fallen over 30% from that all-time high. At the time of writing this, Bitcoin is trading at around $86,970 with a 3. 5% surge in 24 hours, according to CoinMarketCap. The overall crypto market also received a huge amount of damage as it lost more than $1 trillion in market capitalization. At present, the total market capitalization of the crypto market revolves around $2. 97 trillion. Other major cryptocurrencies, such as Ethereum and other altcoins, have also experienced sharp declines, with some dropping significantly as highly leveraged investments were forced to close. Trump’s Trade War Triggered the Biggest Liquidation in the History of Crypto The immediate trigger of the collapse started on October 10 after the U. S. President Donald Trump unexpectedly announced a policy of 100% tariffs on goods imported from China. This major escalation in.