Bitcoin Slides 3.3% to $62,229 as Strategy Funding Fears Deepen
Updated
Updated · Bloomberg · Jun 18
Bitcoin Slides 3.3% to $62,229 as Strategy Funding Fears Deepen
3 articles · Updated · Bloomberg · Jun 18
Summary
$62,229 marked Bitcoin’s intraday low on Thursday, extending its retreat toward $60,000 after the token fell as much as 3.3%.
Strategy Inc. funding concerns and renewed rate-hike fears drove the selloff, further weakening appetite for riskier assets.
The drop follows Bitcoin’s slide to $63,900 after the Fed’s hawkish tone, with derivatives markets already showing bearish positioning and demand for downside protection.
Bitcoin briefly broke below $60,000 two weeks ago for the first time since late 2024 and remains about 50% below its October 2024 record high.