Live markets: Saylor speaks as bitcoin plunges to $62,000

live Updated just now Live markets: Saylor speaks as bitcoin plunges to $62,000 By Stephen Alpher Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Michael Saylor (Joe Raedle/Getty Images) just now · 12:14 PM Stephen Alpher Share Share this post Copy link X icon X (Twitter) LinkedIn Facebook Email The panicky action got more so overnight, with bitcoin (BTC) careening to as low as $61,400 before quickly bouncing back to $64,000. Ahead of the open of U.S. stocks, bitcoin is headed lower again, currently trading at $62,400, down 7% over the past 24 hours. At the center of the plunge, Strategy Executive Chairman Michael Saylor has spoken. "Capital markets are funding the AI buildout at historic scale: ~$400B over 6 months," Saylor posted to X minutes ago. "Bitcoin ETFs have seen ~$4B of outflows since May 14, pressuring BTC," he continued. "This is a capital rotation, not a Bitcoin impairment. Volatility creates opportunity," Saylor concluded. His comments echoed much of the conventional wisdom surrounding crypto's general price struggles in recent months, which have become particularly acute this week after Strategy sold some of its bitcoin. MSTR shares are lower 1.8% premarket. Latest Crypto News 1 Moomoo expands into prediction markets through Kalshi partnership 14 minutes ago 2 Russia sanctions British teenager for alleging A7A5 use in funding Ukraine war 22 minutes ago 3 Standard Chartered's three 'Ifs' that stand between bitcoin and a market low 51 minutes ago 4 JPMorgan warns time is running short for crypto market structure bill 1 hour ago 5 Bitcoin steadies above $60,000 while derivatives send an unambiguous warning 1 hour ago 6 This bitcoin metric has marked every bear market bottom, and it's just flashed again 1 hour ago 7 Cardano slumps under 20 cents as Hoskinson says he is 'taking a break' after warning of ecosystem failures 4 hours ago 8 Goldman Sachs teams with Apex, Archax for tokenized real estate fund 4 hours ago 9 Polymarket says No for May, Yes for June after Strategy's recent bitcoin sale 4 hours ago 10 Apyx's STRC collateralized stablecoin suffers a brief depeg. Protocol says its a feature, not bug 5 hours ago Latest Research The Pre-IPO Perpetuals Category Takes Shape The Pre-IPO Perpetuals Category Takes Shape Binance launched Pre-IPO perpetuals May 21. Within days, it captured >60% category share; cumulative volume now ~$400M, with SPACEX dominating at 79%. By CoinDesk Research May 29, 2026 Binance launched Pre-IPO perpetuals May 21. Within days, it captured >60% category share; cumulative volume now ~$400M, with SPACEX dominating at 79%. Why it matters : Binance launched Pre-IPO perpetuals May 21. Within days, it captured >60% category share; cumulative volume now ~$400M, with SPACEX dominating at 79%. View Full Report More From Markets Bitcoin steadies above $60,000 while derivatives send an unambiguous warning This bitcoin metric has marked every bear market bottom, and it's just flashed again Cardano slumps under 20 cents as Hoskinson says he is 'taking a break' after warning of ecosystem failures