Bitcoin extended its slide below $71,000 in early Asian trading, falling 3.4% in 24 hours and 7.5% on the week. The decline follows Strategy's first disclosed sale of bitcoin in five years-32 coins sold for $2.5 million at an average price of $77,135-earmarked for preferred stock distributions.
Ether hovered just below $2,000 at $1,996, while XRP fell 3% to $1.28 and Solana's SOL slipped 1.7% to $80.47. Hyperliquid's HYPE was a rare gainer, up 24.3% for the week to $73.76.
Stocks eased from all-time highs as investors locked in gains from the AI rally. MSCI’s Asia-Pacific index fell 0.5%, and Nasdaq 100 futures slipped 0.7%. Brent crude held around $94.40 as U.S.-Iran tensions persisted, raising concerns the Fed may keep rates higher for longer.
With ETF demand still flowing the wrong way and Strategy now a disclosed seller, analysts see no obvious near-term catalyst for a bitcoin reversal.