Bitcoin’s selloff continued into Wednesday after Strategy Inc.’s sale of a small part of its large cryptocurrency holdings shook investor sentiment and increased the gap between the token and record-high technology stocks.
The decline began earlier in the week after Strategy sold about $2.5 million worth of Bitcoin from a holding valued at over $60 billion, which triggered a roughly $160 billion market value loss.
On Wednesday, Bitcoin dropped as much as 3.1% to $65,391.
Bitcoin dropped as much as 7% to below $67,000 on Tuesday for the first time since April. The token’s price has fallen nearly 50% from an all-time high of around $126,000 reached in October.
Ethereum’s price also dropped to $1,921.60, a 21% decline over the last 12 months.
By CEO NA Editorial Staff
