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16/02/26 03:40 UTC-04

Bitcoin falls to $68K amid four consecutive weeks of losses

Cryptocurrency Cryptocurrency
Cryptocurrency Bitcoin falls to $68K amid four consecutive weeks of losses

Bitcoin declined on Monday, extending its drop after cryptocurrency markets recorded four consecutive weeks of significant losses due to uncertainty over interest rates, which increased aversion to speculative assets.

The world’s largest cryptocurrency retreated after briefly rising to $70,000 over the weekend. Bitcoin fell 2.7% to $68,409.7 as of 05:58 GMT.

Strategy Inc says no liquidation risk unless Bitcoin drops to $8K

Strategy Inc (NASDAQ: MSTR) — the largest corporate holder of Bitcoin — said on Sunday it would be able to cover its debt obligations even if Bitcoin’s price falls to $8,000 per coin.

The company stated on social media that it can “withstand a $BTC price drop to $8K and still have sufficient assets to fully cover our debt.”

The company holds 714,644 Bitcoins, financing its cryptocurrency purchases through a combination of issuing new equity and long-term debt financing.

Strategy, led by Bitcoin advocate Michael Saylor, has also been acquiring more coins in recent weeks while the largest cryptocurrency continued to lose ground.

Bitcoin has already lost about 50% of its value since reaching a record high near $126,000 in October. The cryptocurrency has led losses among speculative assets as uncertainty over U.S. interest rates pushed traders largely away from riskier investments.

Prolonged Bitcoin losses also sparked concerns that Strategy could be forced to liquidate part of its holdings to meet debt obligations, although Saylor has largely dismissed those concerns.

In early February, Strategy reported a $12.4 billion loss in the December quarter compared with a $670.8 million loss in the same period of 2024. Aside from its massive Bitcoin holdings, Strategy generates limited revenue.

Crypto prices today: altcoins follow Bitcoin lower amid limited recovery

Broader cryptocurrency prices mostly fell on Monday, tracking Bitcoin’s persistent losses.

The world’s second-largest cryptocurrency, Ether, dropped 6.1% to $1,958.63, while XRP fell 7.7% to $1.4575.

BNB lost about 4%, while Solana and Cardano declined 5.4% and 6.2%, respectively.

Among meme coins, Dogecoin dropped 11.4%, and $TRUMP fell 2.4%.

Sentiment toward cryptocurrencies has remained weak since October, with both retail and institutional inflows slowing sharply. Rising gold prices — amid speculative momentum in precious metals markets — have also largely overshadowed Bitcoin, as investors sought physical assets.

See also: "List of the 15 most profitable altcoins over the past month announced"

#Bitcoin (BTC) #Price drop

Editor: Yuliya Soroka
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