A survey of U.S. Bitcoin holders and crypto subreddit posts found that despite anxiety and market turbulence, most investors (69%) held onto their Bitcoin, with only 8% panic selling.
Bitcoin price fell below $70,000 on Thursday as rising energy costs and a steady Federal Reserve stance strengthened the dollar and weighed on risk appetite.
Strategy (MSTR) surged on Wall Street after bitcoin’s rally, despite holding the largest short interest — about 14% of its $41.6 B market cap — among $25 B+ global equities.
Bitcoin fell 13% last week after bears decisively broke $84,000 support, pushing prices to $75,600 before a minor recovery to $76,919 close. The loss of the 100-week SMA signals bear market confirmation, with resistance now at former support levels.