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 has maintained its position above the 50-week moving average for the seventh consecutive week despite the $6.3 billion hack on Binance, one of the largest crypto exchange breaches. This resilience suggests that much of bitcoin's speculative e...
As of November 2, tracked Bitcoin holdings across public companies, private companies, governments, ETFs, exchanges, and DeFi entities totaled approximately 4.22 million BTC. Public companies hold about 1.27 million BTC, led by Strategy with 849,327 ...
Bitcoin's price has fallen out of a descending channel and confirmed this breakdown, raising concerns of a deeper drop to around $75,000. This comes amid the backdrop of the $6.3 billion Binance hack, which included about 18,270 BTC. Technical indica...
In the past 24 hours, Bitcoin (BTC) and Solana (SOL) experienced net inflows of $52.31 million and $34.23 million respectively, indicating increased investor interest. Meanwhile, Ethereum (ETH) saw the largest net outflow of $39.61 million, suggestin...
Bitcoin and crypto markets face a critical week with three major events: US midterm elections, rate decisions by central banks in Australia, Sweden, and the UK, and the US October jobs report. Investors link Bitcoin's potential rise to $100,000 by ye...
