Bitcoin fell to $65,485.2, its lowest level since late March, after Strategy Inc disclosed selling 32 Bitcoin between May 26 and May 31 at an average price of $77,135, generating $2.5 million.
The cryptocurrency market remained risk‑averse due to renewed U.S.–Iran hostilities; oil prices rose sharply, further dampening sentiment.
Bitcoin exchange‑traded funds recorded nearly $1 billion of net outflows on Monday and Tuesday, marking the 12th consecutive day of withdrawals and a cumulative loss of over $3 billion in the past three weeks.
Altcoins retreated broadly: Ether down 5.5% to $1,874.0, XRP down 2.5% to $1.2331, Solana, Cardano and BNB each fell between 2%‑6%, Dogecoin down 5.4%, and $TRUMP down 0.3%.
Strategy Inc shares dropped to a near two‑month low following the Bitcoin sale.
Investor focus shifted toward artificial‑intelligence stocks ahead of a large SpaceX IPO expected next week.
