Bitcoin price holds $60K as Middle East tensions fail to spark panic
Bitcoin trades near $60K as Strategy fears, Middle East tension, and on-chain reset signals leave traders watching $58K and $66K levels.
Crypto News·
Grayscale’s Zach Pandl says Strategy selling over $3B in BTC may restore confidence as STRC pressure raises dividend concerns for investors.
Read full articleBitcoin trades near $60K as Strategy fears, Middle East tension, and on-chain reset signals leave traders watching $58K and $66K levels.
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Mike Novogratz says Bitcoin’s drop stems from Strategy stress, weak crypto sentiment, a strong dollar and a key $59K-$60K support zone.
Strategy Bitcoin underwater losses, MSTR below NAV and STRC's record discount are testing Michael Saylor's Bitcoin treasury model.
Grayscale's research head Zach Pandl said Strategy should sell $3 billion in Bitcoin to cover its cash obligations, but CryptoQuant argued the company has other ways to support STRC.
Thursday was particularly positive days for the spot ETFs tracking Hyperliquid's token.
Selling a significant portion of Bitcoin could stabilize market sentiment by reducing uncertainty and demonstrating financial responsibility. The post Grayscale research head says Strategy could restore market confidence by selling $3B in BTC appeared first on Crypto Briefing.
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