The bitcoin price slump continued, even as the Nasdaq and gold rallied. Strategy's buying strike has made the cryptocurrency more prone to weakness.
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Bitcoin Slumps, But Strategy Isn't Buying. Here's Why.
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The bitcoin price slump continued on Thursday, even as the Nasdaq and gold rallied, while the U.S. dollar and Treasury yields fell. So what's ailing the cryptocurrency? Bitcoin has been more vulnerable to a spell of weakness because ETF outflows haven't been countered by Strategy's (MSTR) on-again, off-again buying binge. There have been seven weeks this year during which Strategy…
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