Bitcoin in freefall: Trump rally fades as prices drop to 20-month low after MicroStrategy move

Bitcoin has entered a sharp decline, shedding significant value and reaching lows not seen in 20 months. The cryptocurrency fell below $62,200, marking a new low for the year after MicroStrategy, the company holding the largest corporate Bitcoin reserves, sold 32 units. This move has sent shockwaves through the market.

Over a 24-hour period, Bitcoin lost as much as 7%, and its total losses since the start of the week, when it traded above $73,300, have reached 15%. While the cryptocurrency saw a slight recovery to around $63,700 on Thursday, the overall investor sentiment has been deeply shaken.

MicroStrategy's decision surprised analysts, particularly given CEO Michael Saylor's past staunch advocacy for "maximalism" – the philosophy of accumulating and never selling Bitcoin. Saylor had previously stated it was better to sell a kidney than one's Bitcoin if cash-strapped.

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It is better to sell your kidney than your Bitcoins.

To reassure markets, Saylor reframed the sale as a strategic adjustment. He explained that credit rating agencies valued the company's portfolio at $0 if its assets were never liquidated or used. Despite this shift in business model, investors remain skeptical, and Bitcoin has now experienced four consecutive days of losses.

This retreat erases much of the gains accumulated since late 2024, a period characterized by optimism surrounding Donald Trump's promises and the launch of his own cryptocurrency, which had propelled Bitcoin above the $100,000 mark. That rally ended abruptly in October 2025 with a massive sell-off of digital assets. Following market turbulence in February and a period of stabilization, MicroStrategy's move has now forced the leading cryptocurrency into another painful downturn.

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