Bitcoin risks losing $70K as Strategy's STRC slips below $100

Bitcoin risks losing $70K as Strategy's STRC slips below $100

1.53%TRX$0.3286 0.46%BCH$444.25 0.61%DOGE$0.09569 1.18%XLM$0.1812 6.71%ETH$2,326 0.69%BNB$636.90 1.52%SOL$85.88 0.94%HYPE$40.81 0.48%XMR$364.70 3.29%XRP$1.44 1.62%ADA$0.2508 1.61%BTC$76,366 1.65%USD Written by Yashu Gola,Staff WriterReviewed by Allen Scott,Staff EditorBitcoin risks losing $70K as Strategy's STRC slips below $1001 hour agoSTRC's dropped below its $100 par value, indicating that Strategy will likely pause Bitcoin buying this week, which could help the bears pull price down to $70,000. Bitcoin (BTC) rose 2.66% to around $75,800 on Monday after Strategy disclosed a $2.54 billion purchase, the company’s third biggest ever, and equivalent to about 2.5 months of new BTC supply. However, several indicators suggest the rally may fizzle out. Poor macro conditions can spark BTC price pullback if Strategy’s buying slows. Bitcoin’s technical setup hints at a potential dip toward $67,

Source: https://cointelegraph.com/news/bitcoin-risks-losing-70k-strategy-strc-below-100?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound