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Bitcoin’s Break With Tech Widens After Strategy’s Sale Feeds Rout
Bitcoin’s selloff extended into Wednesday after Strategy Inc.’s sale of a tiny portion of its massive cryptocurrency stockpile rattled sentiment and widened the token’s divergence from record-setting technology shares. The largest cryptocurrency fell as much as 4% to $64,692 in late New York trading, its lowest since Feb. 28, deepening a drop that has this week erased more than $160 billion in market value. The slide began earlier in the week after Strategy sold about $2.5 million worth of Bitcoin from a holding now valued at around $56 billion. The sale was tiny by almost any financial measure, just 32 tokens ... (full story)
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From financemagnates.com|30 hr agoBitcoin (BTC) traded near $61,300 on Thursday, June 4, 2026, its lowest level since February 6, after a three-session decline of about 13% pushed the cryptocurrency to the floor ...
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