MicroStrategy’s drastic stock decline reflects a broader market downturn, with Bitcoin losing 100 billion USD in value and the S&P 500 dropping 1.4 trillion USD. The absence of BTC in U.S. Strategic reserves raises institutional concerns, impacting both Bitcoin and altcoins.
Despite Bitcoin’s dominance staying above 60%, altcoins are struggling as liquidity diminishes. The major cryptocurrencies, including Ethereum, have lost crucial price points, showing a departure of investor capital from altcoins.
Leave a Reply