Bitcoin fell sharply at the U.S. cash market open on June 25, dropping almost $3,000 in seconds to $58,000, according to market data. That is the lowest level since September 2024.
The move coincided with an 8% decline in shares of Strategy (MSTR), the largest corporate holder of Bitcoin. The decline in MSTR was driven by put option activity at 9:30 a.m. when options trading opened, according to a ZeroHedge report.
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