Bitcoin Price Crashes Below $60K as Strategy’s MSTR Plunges 10%

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Bitcoin tumbled below $60,000 as MicroStrategy (MSTR) plunged about 10%, sliding under $100 for the first time in two years. MSTR’s collapse — a high-profile proxy for institutional Bitcoin exposure — signals investor risk-off and raises the likelihood of near-term selling pressure and increased BTC-equities correlation.

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