Bitcoin risks losing $70K as Strategy's STRC slips below $100
Burns Brief
STRC's dropped below its $100 par value, indicating that Strategy will likely pause Bitcoin buying this week, which could help the bears pull price down to $70,000 The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch $BTC for reaction — a decisive move above or below key levels will confirm the next trend.
STRC's dropped below its $100 par value, indicating that Strategy will likely pause Bitcoin buying this week, which could help the bears pull price down to $70,000.
Key Takeaways
- STRC's dropped below its $100 par value, indicating that Strategy will likely pause Bitcoin buying this week, which could help the bears pull price down to $70,000