Browsing: Bitcoin

Bitcoin price (BTCUSD) is down by 6.3% over 24 hours to $62.919 on Thursday, driven by sustained institutional selling pressure. With about $60 billion in transaction value, Bitcoin’s decline is rooted in institutional exits and exacerbated by the unwind of derivatives.

Bitcoin (BTC) lost 3% in 24 hours to $71.4, underperforming a flat S&P 500 as Michael Saylor, Strategy Inc. chairman and co-founder, sold 32 Bitcoins for roughly $2.5 million between May 26 and May 31 to fund preferred stock dividend payments.