Cryptocurrency Slumps 2–4% as MicroStrategy Shares Dip 1.66%
Bitcoin declined 2.13% to $67,060.77 and Ethereum fell 2.60% to $2,007.51 as 24-hour BTC trading volume dropped 22%, reversing Wednesday’s relief rally. MicroStrategy shares slid 1.66% after over $240 million of crypto positions were liquidated and Bitcoin’s market share narrowed to 58%.
1. Crypto Market Pullback
Leading tokens all traded lower on Thursday, with Bitcoin down 2.13% at $67,060.77 and Ethereum off 2.60% at $2,007.51. Trading volume for Bitcoin plunged 22% over the past day, reversing gains from Wednesday’s relief rally and signaling renewed selling pressure.
2. MicroStrategy Share Impact
MicroStrategy stock fell 1.66% as investors reacted to the broader crypto downturn. The company’s large Bitcoin holdings heightened sensitivity to price swings, translating digital-asset weakness into equity sell-offs.
3. Liquidations and Market Sentiment
Over $240 million of crypto positions were liquidated in the last 24 hours, primarily affecting bullish long traders. Bitcoin’s dominance narrowed to 58% and sentiment gauges registered extreme fear, underscoring cautious investor behavior.