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Bitcoin (BTCUSD) Tumbles After MSCI Cuts Passive Demand for Strategy Shares Amid Technical Weakness

Cointelegraph Read original source (opens in a new tab)
The Story

News Summary

  • Bitcoin (BTCUSD) dropped over 2% despite a large whale accumulation and MSCI keeping crypto treasury firms in indexes.
  • MSCI's removal of passive buying for Strategy's shares may limit capital for Bitcoin purchases, raising downside risks below key support levels in the near term.
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BTCUSD price history

78966.68 +19.86% over the displayed period

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