Shares of Michael Saylor-led Strategy could be at risk as Bitcoin price has fallen to multi-month lows below $100,000. Summary Shares of Strategy have dropped by over 40% in the past month. Bitcoin’s ongoing downtrend has continued to pressure MSTR share prices. JP Morgan analysts are concerned that a potential delisting from major indices could…
Bitcoin price tanked to a 7-month low of nearly $85,000 on Friday as investors holding long positions were caught off guard by a sharp selloff, while outflows from its spot ETFs continued to add pressure. Summary Bitcoin price fell below $86,000 during Asian trading hours on Friday. Over $443 million in long liquidations across Bitcoin’s…
Analysts at JPMorgan warn that more than 20% of Strategy’s market cap sits in passive indices, which are now threatening to delist it. Summary Michael Saylor’s Strategy could lose $2.8 billion if MSCI removes it from its passive indices The Bitcoin treasury firm could lose a further $8.8 billion out of its $50 billion market…
Investors are scaling back on risk assets amid declining hopes that the Federal Reserve will cut rates before the end of the year. Summary The crypto market crash affected most major crypto assets. The likelihood of December rate cuts has fallen to just 33%. Bitcoin could fall to 75,000 if macro conditions further worsen The…
Tokyo-listed Metaplanet plans to issue Class B perpetual shares worth $135 million to expand its Bitcoin reserves. Summary Metaplanet announced issuing about $135 million in shares to buy Bitcoin Class B shares will have no voting rights, but will have redemption at listing The firm currently owns 30,823 Bitcoin, worth about $2.69 billion As corporate…
Bitcoin’s recent slide below $90,000 has shaken a key narrative, that of growing institutional demand, crypto market analysts explain. Summary Bitcoin is under pressure as low ETF demand cools the crypto markets $800 million in forced BTC liquidations shows excessive leverage Bitcoin is likely to stabilize at $89,000–$95,000 range With Bitcoin falling below $90,000, markets…
Maple Finance is facing an injunction from Core Foundation, the organization behind the Bitcoin-secured Core blockchain, over an alleged breach of confidentiality and exclusivity agreements tied to their Bitcoin yield partnership. Summary Core Foundation accused Maple Finance of breaching a commercial agreement. A Cayman Islands court has granted an injunction restricting Maple Finance from launching…
BlackRock’s iShares Bitcoin Trust (IBIT) recorded $523 million in net outflows on Tuesday, its most significant single-day withdrawal since launching in January 2024. Summary Abu Dhabi’s sovereign wealth fund Mubadala invested $518 million in a Bitcoin ETF. The fund tripled its Bitcoin exposure just before the crypto crash. BlackRock Inc.’s iShares Bitcoin Trust ETF posted…
The current market downturn has no structural parallels to the 2022 Luna, FTX collapse, says MEXC’s Cecilia Hsueh. Summary The latest market crash saw a sharp pullback, with Bitcoin dipping below $90,000 October saw a record $2 billion in liquidations, but only Binance saw serious issues The crash has no parallels to the 2022 Luna,…
Michael Saylor said Bitcoin’s falling volatility shows a maturing market and insists Strategy is built to withstand significant drawdown without breaking stride. Summary Saylor says Bitcoin’s volatility is falling and the market is maturing. He claims Strategy is built to withstand an 80–90% BTC decline. Strategy keeps buying Bitcoin as institutions grow their exposure. Michael…
