🚨 | Bitcoin
🔻 Bitcoin's price fell despite positive news; BTC dropped approximately 2.30%, reaching around $91,550.
📌 The main reason for this decline was a change in MSCI's rules; according to the new rule, passive funds are no longer required to purchase new shares of companies like MicroStrategy (MSTR).
⚠️ This removes the automatic demand for MSTR shares and limits the company's ability to raise capital and purchase Bitcoin in the future. Consequently, MSTR shares fell about 4.10%.
📉 From a technical perspective, if Bitcoin fails to hold above the 50-day moving average, it could drop to the $88,000 – $89,000 range, with a potential further decline to around $79,450 in case of a complete breakdown.
📝 Source: Cointelegraph
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