US EditionBitcoin Dips Below $87K After Strategy Buys 10,645 BTC
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Strategy announced the purchase of 10,645 BTC for 980 million dollars. Despite this accumulation, the market reacted negatively: the price of Bitcoin fell by 5% in the following hours. A counter-intuitive reaction that questions about the current climate around the BTC. The Bitcoin article drops by 5% after $1 billion purchase by MicroStrategy appeared first on Cryptoast.
Michael Saylor's company, MicroStartegy, bought over Rp 16 trillion (approximately US$1.1 billion) worth of Bitcoin when the price plummeted to around Rp 1.4 billion (approximately US$100,000). Demonstrating confidence during a market downturn.
Bitcoin Slips Under $87K as $200M in Longs Get Wiped Out
What Triggered Bitcoin’s Drop Below $87,000? Bitcoin fell under $87,000 on Monday as a wave of sell orders hit the market shortly after Wall Street opened, triggering more than $200 million in liquidations of BTC longs. Data from Cointelegraph Markets Pro and TradingView captured a sharp move lower, with BTC reaching $86,625 during the session. The pullback followed several days of uneven trading, and traders noted that distribution began accele…
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