Michael Saylor Signals New Bitcoin Buy as Market Sells Off

Standard Chartered sharply cut its price forecasts, warning bitcoin could slide toward $50,000 and ether to about $1,400 in the coming months before recovering. The bank said the revisions reflect mounting stress across digital assets even as it retains a constructive long-term view.

Brazil has introduced legislation to accumulate 1 million BTC over five years under a new RESBit framework, backed by national reserves. If passed, it would create the largest sovereign Bitcoin reserve and reshape reserve strategy.

BlackRock’s head of digital assets warned that heavy leverage and speculation on crypto derivatives exchanges are amplifying volatility and threatening bitcoin’s reputation as a reliable hedge. The comment raises questions about market structure and institutional demand.

Vietnam’s once-high-flying crypto sector has contracted sharply after the recent digital-asset downturn, leaving lower trading volumes, strained startups, and cautious investors. The pullback highlights risks for a market that had one of the region’s largest retail crypto communities.

X has denied plans to become a crypto exchange and confirmed it will not offer direct Bitcoin or other crypto trading services to users.