As threat of President Donald Trump’s tariff wars looms large on stock markets, as a precursor to an upcoming turbulent Monday, the MicroStrategy’s stock MSTR , dropped by 11% on March 28, closing at $289.41, which is about $35 lower than the day before. This big fall has made some people wonder if Bitcoin might also start going down in the impending first week of April.
MSTR Stock Overview
- Current Price: $289.41
- Change: Down $35.18 or -10.84% on the day
- After Hours Price: $291.23 (+$1.82 or +0.63%)
- Previous Close: $324.59
- Day’s Range: $289.25 – $320.80
- 52-Week Range: $101.00 – $542.99
- Market Cap: $75.95 Billion USD
- Average Volume: 19.51M
MicroStrategy is a company that owns a lot of Bitcoin — over 140,000 BTC. Because of this, its stock price often goes up or down depending on how Bitcoin is performing. But this time, the company’s stock fell a lot more than Bitcoin. While MicroStrategy dropped 10%, Bitcoin only went down by about 1%, staying around $83,000.
So, why did MicroStrategy fall so much? There are reports that insiders ditched their stock. Adding to this negative news people are also nervous about what’s coming next for Bitcoin and the tech market in general. Also, trading volume in the crypto market dropped by 45%, which means fewer people are buying and selling — and that can be a sign of slowing interest.
There is also the impending threat of Donald Trump upping the ante on tariff politics. According to a recent report by Forbes, the price of Bitcoin is expected to face high volatility and chaos amid Trump’s tariff threats.
Will Bitcoin Price Drop?
As of now Bitcoin is already on its way to test its $80,000 support. However its has also shown bearish price action on chart. BTC is even predicted to hit a low of $78,000 in April. In the month of March, BTC started with 84k, and by the end of the month its price came to the same level as its $82,981 today. Bitcoin made no gains for holders in March.
Even though MicroStrategy had a bad day, many people still feel positive about Bitcoin. In fact, 82% of users on CoinMarketCap say they are still “bullish,” meaning they believe the price will go up.
Still, MicroStrategy’s big drop could be a warning sign. Since the company is closely tied to Bitcoin, some investors wonder if the cryptocurrency might also fall soon.
For now, Bitcoin is holding steady — but in the world of crypto, things can change fast. People are watching closely to see what happens next.
Also Read: Trump Says China Tariffs “Will Not Stand” Amid Crypto Market Crash
