'Let's Go,' Saylor Tweets As Bitcoin Drops Below $95,000 on Fresh CPI Data
U.Today - Michael Saylor, cofounder and executive chairman of Bitcoin-oriented company Strategy (formerly known as MicroStrategy) has taken to social media to announce a major Bitcoin dip, which happened as BTC reacted to the just-released CPI annual rate for January.
"Let's go!" Saylor tweets on higher CPI than expected
Saylor has traditionally published an AI-generated image, but not of himself this time – the image shows a rocket with a Bitcoin logo on its side soaring into space, leaving planets behind.“Let’s go,” the Bitcoin enthusiast tweeted as if celebrating the sudden Bitcoin 1.5% drop as it went down from $96,420 to the $94,100 level. It has regained $95,000 by press time.
This seems to be a reaction to the just released consumer price index (CPI) data for January, which has proved to be higher than expected by analysts – 3.3% versus 3.10%. The tweet released by Chinese cryptocurrency commentator and journalist Colin Wu shows that the December value stood at 3.2%.
He also tweeted that the unadjusted CPI annual rate in January was 3%, which constituted the biggest increase since June 2024, while it was expected to be 2.9%. As the inflation rate proved higher than anticipated, the world’s largest cryptocurrency, Bitcoin, reacted with a drop, but it is quickly going back up, showing it strength, maturity and market resilience.
This article was originally published on U.Today