Bitcoin stabilises after Strategy is a net buyer again
Last Updated on 9 June 2026 by CryptoTips.eu
Bitcoin lost about 50% of its value since the peak of $125,000, reached in October 2025, and stabilized this weekend after Michael Saylor, founder of Strategy, announced that his company is once again a net buyer. The largest digital currency climbed to $64,000 on Monday morning already and is trading for $62,700 at the time of writing.
Recovery
That brief recovery comes after a tumultuous week in which Bitcoin fell from around $70,000 to as low as $59,000, after which panic crept into the market.
The $60,000 level is being seen for the first time since Donald Trump returned as US President. That is remarkable, given that Trump presented himself as a pro-Bitcoin president.
When his victory became apparent in November 2024, Bitcoin crossed the magical $100,000 mark and subsequently even reached $125,000 in October 2025.
This time, therefore, it was different.
It was primarily the announced sale of some Bitcoins by Strategy early last week that heralded the fall. The company is normally only interested in buying Bitcoin and as the market thought Saylor had suddenly turned bearish, a rapid drop in the value of the coin followed thereafter.
Also notable is that Bitcoin moved rapidly towards the 200-week moving average of $62,800 this weekend. That seems to me to be a strong support zone for the digital currency (albeit in the short term).
