Grayscale Bitcoin Mini Trust (BTC) (BTC)

Shares of Strategy are on pace to finish lower for an eighth consecutive month, marking the longest losing streak in the company’s trading history.

Analysts say the drop in Bitcoin’s price is because of capital reallocation rather than retail panic selling.

Bitcoin’s price fell for a third consecutive session, dipping below $71,000 to mark a new low for the year.

According to a report by the Financial Times, advisers involved in Tether’s fund raise discussions floated a much smaller raise of around $5 billion.

In a Substack post, Burry said another 10% drop in Bitcoin’s price could leave Strategy billions underwater and restrict its access to capital markets.

According to him, Bitcoin’s price is closer to the bottom than it was at the beginning of a bear market.

The move comes after SRx Health announced in December that it would be acquiring EMJ Capital, alongside a pivot to an active “Gen2” digital asset treasury strategy under activist investor Eric Jackson.

The total cryptocurrency market fell 2.4% to approximately $2.67 trillion.

The bitcoin slump is weighing companies that offer services in cryptocurrency. Webull allows users to buy, sell, and hold bitcoin and other digital assets.

Analysts warned that a data-heavy macro calendar, weak risk appetite, and lingering technical pressures continue to raise volatility risks for crypto markets.

CME Group is set to report earnings on Wednesday, with analysts watching for signs of market volatility and institutional demand for crypto-linked derivatives.

According to an ongoing poll on Stocktwits, nearly 50% of crypto traders said they were buying the dip.

The talks come after Coinbase withdrew support for a Senate bill that would restrict yield on stablecoins.

ISM Manufacturing PMI rose to 52.6 on Monday, its first expansion reading in 12 months.

With Bitcoin’s price stuck around the $75,000 support level, analysts believe Dogecoin’s current rally may soon lose momentum as it follows the dominance of Bitcoin.

Robinhood’s shares have been trading below $100 for the last two sessions, failing to get a lift from several factors, including receiving a key role for Trump accounts and the SpaceX IPO offering.

The crypto and options-focused brokerage plunged in sympathy with cryptocurrencies.