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Bitcoin Under Pressure as MicroStrategy Shifts to Active Selling

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The Story

News Summary

  • MicroStrategy adjusted its capital model, authorizing up to $1.25 billion in Bitcoin sales to bolster its USD reserves as Bitcoin fell below $60,000.
  • While analysts remain long-term bullish, TD Cowen lowered its Bitcoin target to $100,000 by 2026, pressuring crypto-linked assets.
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BTCUSD price history

77294.00 +14.59% over the displayed period

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