Bitcoin Falls Below $62,000 After Strategy Sells BTC to Fund Dividend Payment
Bitcoin fell below $62,000 after Strategy sold 3,588 BTC worth about $216 million to help fund a dividend payment.
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Bitcoin fell below $62,000 after Strategy sold 3,588 BTC worth about $216 million to help fund a dividend payment.
Ether, XRP, and Dogecoin led a broad crypto market decline as weakness in global technology stocks weighed on digital assets.
Strategy shares fell to a 23-month low as the company’s unrealized Bitcoin losses climbed to approximately $11.2 billion.
U.S. markets lost roughly $1.8 trillion in value within two hours as stocks, precious metals, and cryptocurrencies sold off sharply following shifting expectations surrounding a potential U.S.-Iran agreement.
The cryptocurrency market lost roughly $200 billion in value over 24 hours as Bitcoin fell below $62,000, triggering the largest wave of leveraged liquidations since January.
Major corporate crypto holders are facing multibillion-dollar paper losses as Bitcoin and Ether prices decline.
MicroStrategy sold 32 Bitcoin for roughly $2.5 million, marking its first known BTC sale in years.
The SEC approved Nasdaq-listed Bitcoin index options, expanding regulated crypto derivatives trading in U.S. markets.
SpaceX officially filed for what could become the largest IPO in history, targeting a $1.75 trillion valuation and seeking to raise $75 billion as investors gain their first detailed look into the company’s finances, AI ambitions, and Starlink profitability.
HIVE Digital shares jumped 40% after subsidiary BUZZ HPC unveiled plans for a C$3.5 billion AI gigafactory in the Greater Toronto Area with 320 MW capacity.
U.S. inflation accelerated to 3.8% in April, exceeding forecasts and fueling concerns that the Federal Reserve may delay or reverse expected rate cuts.
Bitcoin and Nasdaq futures rose sharply as oil prices fell on renewed hopes for a U.S.-Iran peace agreement.
Bitcoin breaks $78,000 as the crypto market adds $65 billion in value in one day.
Bitcoin is a decentralized digital asset and payment network that records transactions on a public blockchain without a central issuing authority. Learn how it works, why it matters, how to evaluate it, and which risks beginners should understand.
The U.S. is preparing to allow cryptocurrencies and alternative assets in 401(k) retirement accounts. The move could open a $12 trillion market to digital assets and private investments.