Bitcoin price falls up to 4% on Strategy BTC sale as trader sees Summer 2022 repeat
From cointelegraph.com
Bitcoin (BTC) saw flash volatility into Monday’s Wall Street open as markets reacted to tech company Strategy’s new BTC sales. Data from TradingView showed BTC/USD dropping to near $61,000, sparking daily losses of more than 4%. A rebound at the start of the US session pushed the price higher before settling around the $62,000 mark at the time of writing. Strategy revealed that it sold 3,588 BTC through July 5 to fund preferred stock dividend payments and replenish cash reserves. Commenting on the latest BTC price moves, X commentator Exitpump suggested that the Strategy news was the catalyst for an already weakening ...
(full story)