MSTR shares decrease more than 9 % on Monday before the market: What is happening? – GrayScale Bitco Mini Trust (BTC) common units of useless useless benefit (Arca: BTC)

shares Strategy Inc. Mstr 9.24 % decreased during the trading session before the Monday market Bitcoin BTC/USD 7 % fell in the middle of the president Donald TrumpCustoms tariff problems.

What happened: The strategy, one of the largest companies in the cryptocurrency, felt tampering after Bitcoin reached 77,097.74 dollars before recovering slightly to $ 78,000 on Sunday. ethereum Eth/USD It witnessed a more severe decrease, as it decreased to less than 1600 dollars for the first time since October 2023.

Bitcoin and Ethereum trading volume increased by 179 % and 272 %, respectively, indicating high pressure pressure. This decrease follows a period of relative stability in the prices of cryptocurrencies, amid the fluctuations of the intense stock market on Friday.

Although Bitcoin initially showed flexibility, it now reflects the increasing discomfort in the broader market. According to data from CoinglassDuring the past 24 hours, the encryption market witnessed $ 570 million of the qualifiers, with long positions that make up 493 million dollars from the total. Bitcoin alone was responsible for more than $ 121 million of this liquidation.

With bitcoin drop to less than $ 80,000, prominent economists and bitcoin are skeptical Peter Chef Interrogating strategy co -founder Michael Sailor About whether it can prevent the cryptocurrency from declining to less than the average purchase price of $ 68,000 by borrowing more money to make wide -ranging purchases.

Nowadays, the strategy has 528185 BTC on its public budget

See too: Peter Lynch’s advice: “If you cannot explain a 11 -year -old child in two minutes or less why you have stocks, you will not own it.”

Why do it matterEarlier this month, investment banking company Monnes, Crespi, Hardt & Co. Expect that the bitcoin aggressive purchases of the strategy may soon face a road barrier because the financing options have become limited. The company also reduced the MSTR shares classification to “Sale” after the start of the coverage in “Neutral” two weeks ago.

This last collapse in the cryptocurrency market comes in the wake of the warnings from the famous cryptic currency analyst Michaël Van De Poppe. The analyst expected that Bitcoin could test the level of $ 70,000 amid the sale of panic, which he referred to as “Black Monday”. This prediction seems to be achieved because the cryptocurrency market has experienced its worst sale since March 2020.

Meanwhile, analyst Ali Martinez expected a large price movement for Bitcoin, while the economic analyst Jesse Colombo Determine 77,500 dollars as a “decisive support level” for the encrypted currency, with a warning of acute diving if this level fails.

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Slip: This content was partially produced with the help of artificial intelligence tools and was reviewed and published by Beenzinga editors.