MicroStrategy Drops 5% Below $124; BitMine and Robinhood Hit Monthly Lows
MicroStrategy shares dropped over 5% to below $124, marking their lowest level in more than a month, after Bitcoin slid past $65,720—the weakest since March 2. BitMine Immersion Technologies fell over 4% to $18.42 monthly low, and Robinhood dipped to just above $66.
1. Bitcoin slides to lowest since early March
Bitcoin fell more than 4% to $65,720, its weakest level since March 2, as geopolitical tensions around the Iran conflict weighed on investor sentiment.
2. MicroStrategy shares fall over 5% to below $124
MicroStrategy, which holds roughly $50 billion in Bitcoin, saw its stock drop over 5%, dipping below $124 for the first time in more than a month.
3. BitMine and Robinhood reach monthly lows
BitMine Immersion Technologies declined over 4% to $18.42, marking a one-month low, while Robinhood shares slid to just above $66, extending a six-month drop of more than 50%.
4. Broader crypto market endures heavy liquidations
Ethereum fell about 4% to $1,980, Solana dropped 5% under $83 and BNB dipped 3% to $608, contributing to over $500 million in long positions liquidated within 24 hours.