Bitcoin fell to $65,485.2, its lowest level since late March, after Strategy Inc (NASDAQ:MSTR) sold 32 Bitcoin between May 26 and May 31 at an average price of $77,135 per coin, generating $2.5 million in proceeds.
Bitcoin recovered slightly to $66,855.3 by 01:33 ET (05:33 GMT).
Strategy’s share price dropped to a near two‑month low following the sale.
Bitcoin exchange‑traded funds (ETFs) experienced nearly $1 billion of outflows on Monday and Tuesday, marking the 12th consecutive day of outflows and a total of over $3 billion withdrawn in the past three weeks, according to SoSoValue data.
Major altcoins also retreated: Ether fell 5.5% to $1,874.0, XRP fell 2.5% to $1.2331, Solana, Cardano and BNB each declined between 2% and 6%, Dogecoin dropped 5.4%, and $TRUMP fell 0.3%.
Geopolitical tension escalated as the United States and Iran exchanged a third round of strikes in a week; Iran stepped back from indirect negotiations, while U.S. officials claim talks continue and a peace deal is near.
Oil prices rose sharply during the week, adding to market nervousness over the economic impact of the Iran‑U.S. conflict.
