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The shares of Strategy Inc. (NASDAQ:MSTR) fell 6.1% during the pre-market trading session on Monday following a sharp decline in the price of Bitcoin (CRYPTO: BTC)
What Happened: Strategy Inc, a major Bitcoin holder witnessed a decline in its stock after the cryptocurrency’s price plummeted to $80,000 overnight, marking a 7% drop in the last 24 hours. This sharp fall is the most significant for the leading cryptocurrency since it fell below $80,000 ten days ago.
This recent drop came in because President Donald Trump did not rule out a recession and stated that markets could go through a period of ‘transition’.
Bitcoin’s decline impacted the broader market, causing other assets like Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) …
