BTCUSD Gains 3% as Crypto Market Struggles to Rebound
Bitcoin (BTCUSD) climbed by about 3% in 24 hours in a struggle to rebound amidst sell pressures in the cryptocurrency market. According to data from CoinMarketCap.com, Hovering above $86.6K, bitcoin price inched higher by 2.84% over $42.45 billion in trading volume.
The traction lifted market value of the largest crypto asset to $1.721 trillion, pushing the global market cap of digital assets to $2.95 trillion. Top cryptocurrencies are struggling to climb amidst twisted sentiment spurred by rising liquidation.
Trading patterns suggest that retail investors seeking to take advantage of buying the dips across the crypto market movers, liquidity drivers are pushing forward. They struggle as the seller market had deepened.
Bitcoin’s rapid selloff put the most famous corporate BTC holder under pressure. Bitcoin briefly dropped to $80,500 last week, placing MicroStrategy only 8 percent above its average entry price of $74,433.
Precise market data shows Bitcoin is trading at $86, 257, reflecting about 11% weekly loss. The price depreciation had earlier surpassed 11% but BTC has posted about a 3% gain in the last 24 hours.
Fuelling the bullish move, Block (formerly square) unveiled plans to lower payment costs via Bitcoin rails, with Cash App’s 58M users gaining access to Lightning Network transactions. Mizuho Securities raised Block’s price target to $100, citing Bitcoin’s “transformational” payment potential.
At the Bitcoin 2025 Conference, Strike’s CEO, Jack Mallers, unveiled their Bitcoin-backed lending product. This significant announcement aligns with the event’s theme of financial sovereignty, offering BTC holders more flexibility without needing to sell their holdings.
The product enables loans without selling Bitcoin holdings. As the final part of my plan today, I am announcing that… we built [Strike’s] Bitcoin lending product… so you can borrow without selling. We want to start a business, but we don’t want to sell .” – Jack Mallers, CEO, Strike
