Bitcoin slid below the $70,000 mark, extending its Tuesday decline. According to CoinDesk data, BTC touched a low of $69,648, falling more than 3.8% in 24 hours, before recovering modestly to near $70,000. Ether (ETH) hovered at $1,996, DOGE was flat at $0.10, XRP dropped 2.75% to $1.26, and Solana (SOL) slipped 1.17% to $79.66.
Strategy's First Public BTC Sale: 32 Coins for $2.5M to Fund Preferred Dividends
Strategy (MSTR), the largest corporate holder of bitcoin, disclosed in an 8-K filing on Monday its first-ever publicized sale of bitcoin since it started accumulating five years ago. The company sold 32 BTC for $2.5 million at an average price of $77,135, with proceeds earmarked for preferred stock distributions. CoinDesk covered the sale extensively, including the broader funding-stack context and a Polymarket $14 million market debating whether the sale occurred in May or June.
Equities Cool From Record Highs; MSCI Asia-Pacific Down 0.5%
Stocks eased from all-time highs as investors locked in gains from the AI rally that dominated markets this year. MSCI's Asia-Pacific equity index fell 0.5%, with South Korea's Kospi sliding 1.8% after its 105% year-to-date run. Nasdaq 100 futures slipped 0.7%, while Chinese tech bucked the trend — Tencent (0700) jumped 7.5%. Brent crude pared some of Monday's gains but held around $94.40 a barrel as U.S.-Iran talks stalled. Iran said it would halt message exchanges with Washington, per Tasnim news agency. Treasuries held losses from the prior session on concerns that higher energy costs would force the Fed to keep rates higher for longer.
Hyperliquid's HYPE Defies the Trend, Up 24% in 7 Days
Among the top 10 crypto assets by market cap, Hyperliquid's HYPE stood out, gaining 24.3% over the past seven days to $73.76. Bitcoin and ether, meanwhile, continued to bleed. BTC is now at its lowest level in weeks. With ETF demand still flowing the wrong way and Strategy turning into a seller, there is no obvious near-term catalyst for a reversal.