Key facts
- Bitcoin briefly fell below the $60,000 level.
- Bitcoin has since stabilized above $60,000.
- MicroStrategy Chairman Michael Saylor has resumed buying Bitcoin.
Bitcoin experienced a brief dip below the significant $60,000 price level before stabilizing. The cryptocurrency's movement comes as Michael Saylor, the Chairman of MicroStrategy, has reportedly recommenced his company's strategy of acquiring more Bitcoin. MicroStrategy has been a prominent institutional holder of Bitcoin, frequently adding to its reserves.