Bitcoin experienced sharp volatility in the last 24 hours after Strategy (formerly MicroStrategy), the largest corporate holder of BTC, disclosed a sale of more than 3,500 units. The news triggered an immediate price drop to $61,200, erasing most of the day’s earlier gains.
BTC had been on a recovery path since July 1, when it briefly slipped below $58,000 for the first time in nearly two years. A gradual rebound pushed it past $60,000 and eventually to a two-week high of $64,000 on Monday morning. The Strategy sale then shook the market, but panic selling was short-lived: Bitcoin bounced back quickly, surging past $64,500 later in the day before settling near $63,000 — roughly the level it traded at before the announcement.
“Buyers defended the shock but not the breakout,” one analyst noted, as the king coin returned to a familiar range rather than confirming a new uptrend. Its market capitalization remains above $1.260 trillion, while Bitcoin dominance over altcoins stands at 56.6%, underscoring its continued market leadership.
Altcoins showed mixed reactions. Ethereum remained stuck between $1,750 and $1,800, and BNB stayed below $585. XRP fell further from the key support at $1.15, sliding 1.3% to $1.1275. DOGE and ADA dropped 2–3%, and XLM lost over 5% on the day. However, not all large-caps bled: SOL, HYPE, RAIN, and ZEC posted minor gains, while WLFI, AAVE, MORPHO, and DEXE jumped up to 8%. Total cryptocurrency market capitalization was little changed at $2.240 trillion.
The market thus absorbed the Strategy-driven pressure without a decisive break in either direction. Traders now watch whether Bitcoin can reclaim upside momentum or if the recovery stalls without a fresh catalyst.
