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Strategy Slides as Bitcoin Drops Below $84,000
Strategy shares fell 6.5% as Bitcoin declined and more than $166 million in Bitcoin positions were liquidated.
Key takeaways
- Strategy shares fell 6.5% in afternoon trading.
- Bitcoin fell to about $83,700, with more than $166 million in Bitcoin positions liquidated.
Strategy shares fell 6.5% in afternoon trading as Bitcoin dropped below $84,000, amid broad selling across the cryptocurrency market.
Crypto Times and CoinDesk reported that Bitcoin fell more than 3% to about $83,700. More than $166 million in Bitcoin positions were liquidated across the market.
A global bond selloff pushed the U.S. 30-year Treasury yield to 5.715%, alongside a rising U.S. Dollar Index. The bond-market rout and stronger dollar added pressure on cryptocurrency-linked stocks, which moved toward September lows.
Further reading
This article was produced with the help of AI technology. Source: Yahoo Finance
