The panicky action got more so overnight, with bitcoin (BTC) careening to as low as $61,400 before quickly bouncing back to $64,000.Ahead of the open of U.S. stocks, bitcoin is headed lower again, currently trading at $62,400, down 7% over the past 24 hours.At the center of the plunge, Strategy Executive Chairman Michael Saylor has spoken. "Capital markets are funding the AI buildout at historic scale: ~$400B over 6 months," Saylor posted to X minutes ago. "Bitcoin ETFs have seen ~$4B of outflows since May 14, pressuring BTC," he continued."This is a capital rotation, not a Bitcoin impairment. Volatility creates opportunity," Saylor concluded.His comments echoed much of the conventional wisdom surrounding crypto's general price struggles in recent months, which have become particularly acute this week after Strategy sold some of its bitcoin.MSTR shares are lower 1.8% premarket.

Crypto markets continue to struggle even as risk markets across the globe surge higher.

Bitcoin (CRYPTO: BTC) is falling behind the AI trade, with a bounce around $71,000 being key for long-term market structure, according to analysts.

The bitcoin price slid to a seven-week low after Strategy filings show it sold 0 .00004% of its holdings. Why markets hate it.

...consistently posted by Saylor in the days ahead of news of a purchase by the biggest publicly traded Bitcoin holder.

For years, Saylor's company has had one strategy: buy bitcoin and don't sell it.

The price of the world’s most valuable cryptocurrency slumped after its biggest institutional holder disclosed a sale for the first time since 2022.

BTC fell 3.4% in 24 hours to below $71,000, the lowest level in weeks, as Monday's 8-K filing disclosing Strategy's first publicized bitcoin sale continued to weigh.

Bitcoin drops below $70K, wiping out $450M in leveraged positions after a controversial BTC selloff by Strategy sparks market panic.

Bitcoin fell to its lowest since April 7 as a Saylor BTC sale dented sentiment, while AI tokens H and NEAR surged and DeFi TVL hit a 20-month low.

Bitcoin fell below $70K on the back of the sales, and a major Polymarket dispute is brewing over whether Strategy indeed sold in May or not.

Google overnight set an $80 billion capital raise, including $10 billion from Berkshire Hathaway, reflecting the continuing flood of money headed into AI (and not crypto).

Bitcoin just had its worst day since April. The death cross is in effect, and prediction markets are bearish. Here's what the charts say.

The firm still views bitcoin as undervalued relative to equities, but says investors are rotating into AI stocks as the opportunity cost of missing gains by holding BTC is too…

Shares in the leading Bitcoin treasury firm Strategy (MSTR) are now more than 70% off their 52-week high after the company sold BTC.

Bitcoin’s drop into the mid-$67,000s — driven by ETF outflows, Mt. Gox movements, geopolitical tension, and Strategy’s first BTC sale in years—triggered an outsized selloff in…

Bitcoin fell under $66,000 as record ETF outflows and a rare Strategy bitcoin sale deepened a selloff, with traders eyeing $60,000 support.

Bitcoin's recent weakness reflects a broader rotation into AI, IPOs and other momentum trades rather than concerns about Michael Saylor's bitcoin sales, according to Charles…

Bitcoin price is holding a risky position near $65,000 Wednesday, down roughly 12% over the past seven days and trading at its lowest level since February as

Analysts and market observers are saying bitcoin's crash is happening due to traders chasing momentum and rotating out of crypto and into high-flying IPOs and AI stocks.

Presto Research says bitcoin's drawdowns this year have coincided with rallies in AI stocks and gold as markets scale back expectations for Fed rate cuts.