Bitcoin's slide may have more to do with AI than Strategy
·2 min read
Compiled by KHAO Editorial
— aggregated from 9 sources.
See llms.txt for citation guidance.
✓ KHAO Verified
This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already.
Key facts
The largest cryptocurrency has lost more than 4.45% in the past 24 hours, and was recently trading near $69,400
Bitcoin BTC $ 69,348.21 slipped below $70,000 for the first time in two months, leaving cryptocurrency markets vulnerable ahead of a week of important U.S. economic data that could determine
The broader CoinDesk 20 ( CD20 ) index retreated 3.2% in the same period
Saylor / Strategy selling a few raspberries isn’t causing bitcoin to crash,” Pierre Rochard, a bitcoin researcher and board member at bitcoin holder Strive (ASST), wrote on X
Summary
Bitcoin BTC $ 69,348.21 slipped below $70,000 for the first time in two months, leaving cryptocurrency markets vulnerable ahead of a week of important U.S. economic data that could determine the direction of the next move for risk assets. The largest cryptocurrency has lost more than 4.45% in the past 24 hours, and was recently trading near $69,400. While the sale is small relative to Strategy’s holdings, it's seen as symbolically important and bitcoin fell after the filing became public. “Saylor / Strategy selling a few raspberries isn’t causing bitcoin to crash,” Pierre Rochard, a bitcoin researcher and board member at bitcoin holder Strive (ASST), wrote on X.