MicroStrategy Stock Drops 4.5% as Bitcoin Slides 3.5% to $70,440.60
MicroStrategy shares declined 4.53% as bitcoin fell 3.51% to $70,440.60, triggering over $250 million in liquidations and a 5.78% drop in bitcoin futures open interest. Extreme Fear sentiment dominated crypto markets, dragging MicroStrategy shares lower alongside Ethereum’s 3.02% slide to $2,064.95 and a 4.58% fall in Dogecoin.
1. Crypto Market Pullback
Leading cryptocurrencies fell sharply on Thursday, with bitcoin dropping 3.51% to $70,440.60, Ethereum sliding 3.02% to $2,064.95, XRP down 1.89% to $1.40, Solana off 2.31% at $88.38 and Dogecoin plunging 4.58% to $0.09336.
2. MicroStrategy Shares Slide
MicroStrategy stock declined 4.53% on the session, reversing earlier gains and underperforming the broader crypto-linked sector alongside Coinbase’s 1.54% drop.
3. Liquidations and Market Sentiment
Over $250 million in long positions were liquidated in the past 24 hours, bitcoin futures open interest fell 5.78%, and the Crypto Fear & Greed Index registered “Extreme Fear,” signaling heightened risk aversion among investors.