Cryptocurrency (Mar 06, 2021 02:00PM ET)
The Bitcoin (BTC) price correction isn’t just hurting individual hodlers — the biggest players are suffering in more ways than one.
Data from markets on March 5 revealed that MicroStrategy, which owns over 91,000 BTC, has seen its stock price dive by more than half in just three weeks.$MSTR (red) vs. BTC/USDBTC/USD 48,292.0-228.0 (-0.47%)14:07:09 – Real-time Data48,289.007/0302:0047,000.048,000.047,500.048,500.0Technical Summary5 Min:SellHourly:BuyDaily:BuyMonthly:Strong BuyWhat is your sentiment on BTC/USD? or (blue) chart. Source: TradingviewArthur Hayes’ anti-inflation options chart. Source: David Venturi/ Twitter
Continue Reading on Coin TelegraphNo more ‘Bitcoin effect?’ MicroStrategy stock falls by 50% in 17 days