Key Takeaways Bitcoin spiked past $64,000, triggering $220 million in market liquidations amid heavy short squeezes. Strategy distributed common stock sale proceeds toward $4.8B cash reserves and preferred stock actions. MSTR equity holders face value dilution from STRC share buybacks while bitcoin purchases remain frozen Rapid Intraday Recovery Drives Liquidations On Monday, bitcoin reclaimed the $64,000 threshold just hours after the cryptocurrency fell below $63,000 and appeared on course to match its Aug. 14 lows. The cryptocurrency’s rebound coincided with Strategy’s announcement that it neither sold nor bought new coins in the past week. Daily market data showed the top …
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Analysts see further downside for XRP as $0.65 remains possible. A move above $1.081, however, could shift short-term momentum. XRP has struggled to hold …
RIOT stock has climbed 4.7% to $19.91 after JPMorgan raised its Riot Platforms price target to $22 following the Bitcoin miner’s $9.1 billion data center …