Strategy's Perpetual Stretch Preferred Stock (STRC) fell to its lowest level since its July 2025 debut, dropping to $90.40 before recovering to around $93.40. This decline coincided with Bitcoin briefly falling below $60,000, its lowest since October 2024, dragging the broader crypto market down and triggering $1.72 billion in liquidations. The drop in STRC raises pressure on Strategy's financing, potentially increasing its dividend rate to 11.75% and adding about $26 million in annual costs on its $10.5 billion issuance. Strategy also recently sold Bitcoin to fund preferred stock distributions, marking its first sale in years, signaling potential liquidity concerns amid market volatility.
Bitcoin dropped to nearly $59,000 after a 20% weekly decline, sparking debate over the cause. Jim Cramer blamed Michael Saylor and Strategy's sale of 32 BTC for the selloff, but Saylor dismissed this claim. Analysts from CryptoQuant and Citigroup poi...
Cardano's ADA cryptocurrency has plunged to its lowest price since 2021, trading at $0.18 after losing nearly 73% of its value in 12 months. The decline is driven by failing decentralized finance (DeFi) tools and broad market liquidations affecting a...
Major cryptocurrencies experienced significant price declines, with Bitcoin falling about 4.73% to $60,231 and Ethereum dropping 11.17% to $1,567.23. Other notable coins like Binance Coin, Cardano, and Solana also saw double-digit percentage losses. ...
Bitcoin fell below $60,000 for the first time since October 2024, experiencing its worst weekly performance since November 2022 amid growing market anxiety. Over $1.56 billion in trader liquidations occurred in 24 hours, while spot Bitcoin and Ethere...
Bitcoin fell below the key $60,000 level after Mt. Gox began repaying creditors by transferring over 47,000 BTC from cold storage, sparking a sharp selloff. This move caused Bitcoin to drop nearly 7% in 24 hours and triggered $664.5 million in crypto...
