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Bitcoin Falls Below $81K Amid Iran Tensions and Strategy Sales
Bitcoin slipped slightly from three-month highs on Thursday as the recent rally lost momentum after the largest corporate cryptocurrency holder, Strategy, stated that it may sell part of its holdings.
Nevertheless, the crypto market and broader financial markets maintained a positive tone, as hopes for de-escalation in the conflict between the United States and Iran supported strong gains in risk assets.
Bitcoin fell 0.7% to $80,951.3 as of 06:16 GMT. The world’s largest cryptocurrency rose nearly 12% in April, supported by dip buying and expectations of further de-escalation related to the conflict involving Iran.
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Fresh developments fueled the Bitcoin rally in early May, especially after both the United States and Iran stated that negotiations were progressing successfully. Several sources reported that the parties were close to reaching an agreement, triggering strong gains in risk assets this week.
Bitcoin Rally Slows Amid Potential Strategy Sales
However, by Wednesday, Bitcoin had lost upward momentum, stalling near three-month highs after the largest corporate holder, Strategy (NASDAQ:MSTR), said it was considering selling part of its holdings.
According to the company, any sales would most likely be used to pay dividends, especially given that its large-scale Bitcoin purchases had been financed through a combination of additional stock offerings and debt instruments.
The recent issuance of Strategy’s STRETCH preferred shares also met strong demand. However, this creates additional dividend obligations.
Chairman Michael Saylor did not specify the potential volume of sales but noted that the company still intends to continue purchasing Bitcoin.
US Bitcoin Reserve Update Expected in Coming Weeks — CoinDesk
The White House will issue a statement regarding a national Bitcoin reserve “within the next few weeks,” CoinDesk reported on Wednesday, citing Patrick Witt, executive director of the Presidential Council of Advisers for Digital Assets.
Witt told CoinDesk that federal efforts to inventory, centralize, and secure Bitcoin owned by the US government have been underway behind the scenes for several months.
In 2025, Donald Trump signed an executive order establishing a national Bitcoin reserve using cryptocurrency confiscated by the government.
Crypto Market Prices Today: Altcoins Move Sideways Alongside Bitcoin
The broader crypto market also traded mostly flat on Thursday alongside Bitcoin. Ethereum, the world’s second-largest cryptocurrency by market capitalization, fell 1.6% to $2,333.41.
XRP declined 0.8%, while BNB, Solana, and Cardano gained between 1% and 2%.
Among memecoins, Dogecoin dropped 3.7%, while Official Trump fell 1.6%.
See also: "All Altcoins Are in the Green. Top 5 Coins by Growth Over Seven Days"
