MSTR Plunges After Bitcoin Price Drops Below $80,000

Strategy Inc (NASDAQ:MSTR) stock fell on Friday due to profit-taking and Bitcoin's price dropping below $80,000 in the last 24 hours.

The previous day, Strategy shares rose over 13% as Bitcoin prices hit $80,000 amid lower yields and a weaker dollar. The Nasdaq is down 0.44%, while the S&P 500 has shed 0.48%

Federal Reserve Governor Christopher Waller stated he's inclined to support holding interest rates steady, which may have eased concerns about tighter monetary policy and improved risk appetite.