"First, the good news. Bitcoin ticked up 5% this morning to $65.9K per coin.That's it. That's all the good news about Bitcoin today. Everything else is bad news. The original cryptocurrency has lost 50% of its value, peak to trough, falling from a high of about $125K per coin in October 2025 to its low yesterday of $61.3K."
"Shares in Strategy, Michael Saylor's "Bitcoin treasury company," which offers investors exposure to Bitcoin via its stock, fell 17% yesterday and are down 75% from their peak last year. At $65.9K, the price of Bitcoin is now well below the average price Strategy has paid for acquiring its horde, $76K. The company's market cap is now billions below the value of the Bitcoin it holds."
Bitcoin rose 5% to $65.9K but remains down roughly 50% from its October 2025 peak near $125K, with a recent low of $61.3K. MicroStrategy-linked shares fell 17% and sit about 75% below their peak, while Strategy's average acquisition price of $76K exceeds the current coin price and its market cap is now materially below the value of its bitcoin holdings. Jefferies reports large holders have become net sellers, and spot BTC ETFs saw major net outflows in late January and early February. There are few indicators of retail buyers stepping in to buy the dip.
Read at Fortune
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