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Strategy Bitcoin Sale, Middle East Tensions Keep Pressure on Crypto as Bitcoin Slips to $62,000

Strategy Bitcoin Sale, Middle East Tensions Keep Pressure on Crypto as Bitcoin Slips to $62,000

  • Bitcoin weakened to the $62,000 level as Strategy’s Bitcoin sale and Middle East geopolitical risk hurt investor sentiment.
  • Ethereum fell below $1,800 amid spot ETF net outflows, institutional money leaving the market and whale selling, though BitMine continues its accumulation strategy through a preferred stock offering.
  • Hyperliquid surpassed Solana’s price, supported by surging trading volume and market share and the launch of an institutional ETF, though investors should watch for rising volatility and profit-taking risk after the sharp rally.

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Photo: ChatGPT
Photo: ChatGPT

is a weekly column that tracks moves in the cryptocurrency market and explains the forces behind them….

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