Bitcoin Drops Below $18,300 as Sell-Off Accelerates — How We Got Here
As bitcoin prices tanked this week, investors worried the company would be asked to put up more collateral for its loan, but Saylor said the fears were overblown.."It's just made me Twitter famous, so I appreciate that...We feel like we have a fortress balance sheet, we're comfortable, and the margin loan is well managed.
Crypto prices initially rallied on the news as investors hoped we could avoid a recession, but that rally was short-lived.We were back in the red on Thursday. Bitcoin fell to around $20,000, to prices it hadn't seen since the end of 2020. It appears that investors can't shake the fears of recession, and some say it could take time for cryptocurrencies to recover from the sell-off in riskier assets.
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