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Michael Saylor’s Technique hit its highest-ever market capitalization yesterday, as a surging BTC rally revives danger urge for food throughout crypto markets.
MSTR shares ended the day at $455.90, capping a 21% achieve over the previous month, based on Google Finance. The agency, led by Bitcoin evangelist Saylor, holds 601,550 BTC, making it the largest company holder of the king of cryptos.
MSTR shares are buying and selling at $118,345 as of early Wednesday, roughly 4% under their all-time excessive of $123,091 set on July 14. Whereas the Bitcoin worth motion is muted right this moment, the broader rally has lifted the whole crypto market cap by 14% this month, TradingView knowledge exhibits.
That momentum is feeding by to sentiment indicators. The Crypto Worry and Greed Index is at 74, signaling “Greed,” whereas CoinMarketCap’s Altcoin Season Index has surged 17 factors over the previous month, displaying that capital is rotating again into higher-risk performs.
Bitcoin Hovers Close to ATH As Danger-On Sentiment Returns
Bitcoin trades at $118,021.86 as of three:24 a.m. EST, simply over 4% shy of the $123,091.61 ATH that it set on July 14. That is after BTC surged greater than 10% over the previous month, coinciding with the MSTR rally throughout the identical interval.
Bitcoin’s hovering worth has boosted the general crypto market. TradingView knowledge exhibits the whole capitalization for the digital asset sector (TOTAL) has soared 14% this month.
Month-to-month chart for TOTAL (Supply: TradingView)
All of that factors to enhancing sentiment towards risk-on belongings comparable to cryptos.
Greenback Falls As Trump Talks Robust On Tariffs, Powell
The enhancing risk-on sentiment comes after the US Greenback Index (DXY) dropped over 10% within the final month and regardless of President Donald Trump speaking robust on commerce tariffs.
Trump has enforced a ten% baseline tariff on all US buying and selling companions, and has already despatched round 2 dozen letters to particular person buying and selling companions, together with the European Union, Japan, and South Korea, warning that new tariffs that may come into impact for them on Aug. 1.
He additionally plans to inform 150 smaller nations what charges they are going to face in a single letter, Politico reported.
In the meantime, markets breathed a sigh of reduction yesterday when Trump mentioned it was ”extremely unlikely” that he would hearth Federal Reserve Chair Jerome Powell.
🚨 BREAKING: President Trump has drafted a letter to FIRE Jerome Powell, per NYT
Man, I REALLY hope that is true.
Ship it, @realDonaldTrump! 🔥 pic.twitter.com/4LxLQCAR2p
— Nick Sortor (@nicksortor) July 16, 2025
That got here after the greenback plunged and long-term Treasury yields soared on studies {that a} White Home official had mentioned that Trump would seemingly quickly search to take away Powell.
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