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Bitcoin dips below $77k, dragging treasury stocks like MicroStrategy down amid market risk-off shift.

Market News
23 May 2026
AMBCrypto
View Source
Bearish
pluang ai news

Bitcoin fell below $77,000, causing a quick sell-off in treasury-heavy stocks such as MicroStrategy, which dropped about 3%. Criticism arose from Peter Schiff, who called MicroStrategy a "Ponzi" due to its large Bitcoin holdings, now showing unrealized losses near $500 million. Despite this, Bitcoin continues to attract more ETF inflows than gold, signaling ongoing confidence in its hedge status. This suggests the market views MicroStrategy's Bitcoin accumulation as strategic rather than a failing scheme, amid broader macroeconomic uncertainty and risk-off sentiment.

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