Add Axios as your preferred source to
see more of our stories on Google.
Alarm bells are going off around bitcoin, with most of the headlines focusing on the biggest bitcoin treasury company's very big decision to sell a small amount of bitcoin.
Why it matters: A bitcoin sale by Michael Saylor's Strategy has drawn outsize attention, but geopolitical uncertainty and competition from stocks are posing bigger near-term risks to the cryptocurrency's price.
State of play: Some $2.8 billion left U.S.-listed spot-bitcoin ETFs in nine-straight sessions through May 28 — the longest stretch of withdrawals in the funds' two-year history, Bloomberg noted.
