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Crypto

MSTR Stock Drops 7% as Bitcoin Prices Plummet Below $60,000

Guavy AI Editorial Team
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BTC
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Bitcoin prices plummeted this week, dropping below $60,000 and leaving its losses at nearly 18%.

This decline triggered a wider sell-off in the cryptocurrency market, with the Grayscale Bitcoin Mini Trust ETF (BTC) experiencing its worst week on record at an 18% loss.

Strategy Inc. (MSTR), a leading corporate Bitcoin holder, sold $2.5 million worth of Bitcoin to fund structural dividend payments, breaking its three-year streak of exclusive accumulation.

This move has spooked crypto investors who fear it could signal future liquidations.

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