MicroStrategy (MSTR) shares dropped to $97.30, their lowest since March 2024, amid a 5.5% decline as Bitcoin fell to about $60,935, a two-week low. The company sold 2.71 million shares last week, raising $335.5 million mostly for cash reserves rather than Bitcoin purchases, raising concerns about its ability to meet $1.2 billion in annual preferred dividends. Bitcoin's sharp decline and Strategy's shift from buying to selling Bitcoin have raised fears of further price drops. Analyst Peter Schiff warned that heavy short selling could force MSTR to sell Bitcoin to buy back stock, potentially triggering a Bitcoin price crash.
Strategy Inc.'s perpetual preferred stock, STRC, has seen its 90-day correlation with Bitcoin rise to nearly 0.70, the highest since its July 2025 launch. This increased correlation means STRC now moves more closely with Bitcoin's price, which has dr...
Bitcoin followed its traditional four-year market cycle by peaking near $126,000 in October 2025 before undergoing a correction. The recent 50% price drop is milder than past bear markets, and Bitcoin has avoided deep panic selling by staying above i...
Cryptocurrency markets saw a general decline with Bitcoin priced around $59,280, down 1.44%, and Ethereum falling 3.54% to about $1,562. Other major coins like BNB, XRP, and SOL also experienced losses. This reflects ongoing volatility in the crypto ...
Bitcoin fell below $60,000, causing $1.48 billion in crypto liquidations, mainly hitting long traders. This drop follows stronger U.S. inflation data, raising expectations that interest rates will stay higher for longer. Bitcoin options worth $9.33 b...
Bitcoin fell sharply by 5% to $58,000, its lowest level since 2024, before rebounding slightly to $59,400. The broader crypto market also declined, influenced by a hawkish Fed signaling imminent rate hikes. Despite the downtrend, derivatives data sho...
