As of this Sunday afternoon, the price of Bitcoin is 
BTCUSD is trading in slightly negative territory, with a price tag of $63,700. However, we can say that over the past week, the price of the major cryptocurrencies has increased by almost 1%.
Digging deeper into the BTC price chart, we see that Bitcoin has gained 14.3% from this week's low of $56,552 to its high of $64,734. This is a pretty solid result for someone with a market capitalization of over $1.25 trillion. BTC vs USD by CoinMarketCap
In the midst of these market movements, prominent cryptocurrency advocate Michael Saylor made an important statement titled “The Emergence of Bitcoin.” This statement is a hallmark of Saylor's consistent support for cryptocurrencies and marks a notable moment in Bitcoin's ongoing saga.
MicroStrategy macro steps
In addition to Saylor's announcement, his company MicroStrategy announced a new development known as MicroStrategy Orange earlier this week. This open source decentralized identity protocol leverages Bitcoin's Segregated Witness feature and can efficiently store DID-related data with minimal size and content restrictions.
“When other crypto assets fail, those crypto users will move to another crypto network, Bitcoin. Bitcoin will be here for the long term, long after other brands fail. It will exist.”
-@saylor #Bitcoin #BitcoinforCorporations — MicroStrategy (@MicroStrategy) May 2, 2024
Regarding MicroStrategy's Bitcoin holdings, the company revealed impressive numbers in its latest earnings report. His 214,400 BTC is worth more than $7.5 billion, and the company continues to claim its position as a major BTC holder.
Notably, the company increased its holdings in April by acquiring an additional 122 BTC for $7.8 million, further strengthening its crypto reserves. Despite a 5% year-over-year decline in revenue, totaling $115 million, MicroStrategy remains focused on its Bitcoin-focused approach.
