Bitcoin Falls Below $87,000 as Crypto Stocks Slide, Strategy Buys More BTC
Bitcoin dropped below the $87,000 level amid broad weakness across the crypto market, dragging down shares of major crypto-linked companies. At the same time, Strategy continued its aggressive accumulation, purchasing another $1 billion worth of BTC despite the downturn.
Crypto Stocks Under Pressure
The market decline extended beyond digital assets into publicly traded crypto companies. Shares of Strategy (MSTR) and Circle (CRCL) fell by roughly 7%, while Coinbase (COIN) dropped more than 5%. The sell-off reflects heightened risk aversion as traders reassess valuations following recent highs.Strategy Adds $1 Billion in Bitcoin
Amid the pullback, Strategy confirmed another major Bitcoin purchase. The company acquired an additional 10,645 BTC at an average price of $92,098 per coin, bringing its total holdings to 671,268 BTC. The move reinforces Michael Saylor’s long-standing thesis of accumulating Bitcoin regardless of short-term price volatility.Price Snapshot
At the time of writing, Bitcoin was trading near $86,400, remaining under pressure after breaking below the psychologically important $87,000 level. Analysts note that while short-term momentum has weakened, institutional accumulation continues to provide structural support.Conclusion
The drop below $87,000 highlights ongoing volatility in the crypto market, with equities reacting sharply to price swings. Yet Strategy’s continued buying underscores a clear divide between short-term market sentiment and long-term institutional conviction in Bitcoin.Editorial Team - CoinBotLab
Source: CoinDesk
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