6,500-dollar Bitcoin has fallen back to the 63,000-dollar range. This decline is attributed to a drop in investor sentiment following news that Strategy, the world's largest Bitcoin holder, sold off some of its holdings.
According to CoinMarketCap, a global cryptocurrency market site, Bitcoin was trading at $63,939 as of 8 a.m. on August 11, down 1.63% from the previous day.
Just a day earlier, Bitcoin had recovered to the $65,000 mark but has since retreated to the $63,000 range. Recently, Bitcoin has struggled to find clear upward momentum, fluctuating between $60,000 and $65,000.
Major altcoins also experienced declines. At the same time, Ethereum fell 2.25% to $1,873.93, while Solana dropped 0.83% to $76.13. Ripple (XRP) was trading at $1.01, down 2.54%.
Market analysts believe the sell-off by Strategy has impacted prices. On August 10, Strategy announced that it had sold 1,690 Bitcoins, acquired between August 3 and 9, for a total of $108.6 million. The funds are reportedly intended for stock buybacks and other purposes.
Meanwhile, on the domestic exchange Bithumb, Bitcoin was trading at approximately 90,404,000 won ($63,687), down 0.82% from the previous day. The so-called 'Kimchi premium,' where domestic prices are higher than international ones, was actually at -0.41%.
According to CoinMarketCap, a global cryptocurrency market site, Bitcoin was trading at $63,939 as of 8 a.m. on August 11, down 1.63% from the previous day.
Just a day earlier, Bitcoin had recovered to the $65,000 mark but has since retreated to the $63,000 range. Recently, Bitcoin has struggled to find clear upward momentum, fluctuating between $60,000 and $65,000.
Major altcoins also experienced declines. At the same time, Ethereum fell 2.25% to $1,873.93, while Solana dropped 0.83% to $76.13. Ripple (XRP) was trading at $1.01, down 2.54%.
Market analysts believe the sell-off by Strategy has impacted prices. On August 10, Strategy announced that it had sold 1,690 Bitcoins, acquired between August 3 and 9, for a total of $108.6 million. The funds are reportedly intended for stock buybacks and other purposes.
Meanwhile, on the domestic exchange Bithumb, Bitcoin was trading at approximately 90,404,000 won ($63,687), down 0.82% from the previous day. The so-called 'Kimchi premium,' where domestic prices are higher than international ones, was actually at -0.41%.
* This article has been translated by AI.
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