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Bitcoin steadies above $63,000 as its worst week in months got a late macro rescue

CoinDesk6/13/2026Updated 7/9/2026
Bitcoin steadies above $63,000 as its worst week in months got a late macro rescue
Smart Read

A tiny Strategy sale raised a bigger question about Saylor’s never-sell stance, while easing Iran fears and a strong SpaceX debut helped risk assets recover....

Key takeaways

  • 1Bitcoin recovered to $63,500 after falling below $60,000, its lowest since November 2024 election.
  • 2Michael Saylor's MicroStrategy sold 32 bitcoins for $2.5 million, challenging its 'never sell' stance.
  • 3Easing Iran tensions, falling oil prices, and SpaceX's strong Nasdaq debut drove crypto recovery this week.

Coins in this story

BTC
₹63,724.00
-2.00%
ETH
₹1,917.86
-1.70%
XRP
₹1.06
-3.30%

Why it matters

Bitcoin's volatility reflects macro sensitivity (geopolitics, rates, risk sentiment) rather than independent strength, critical for Indian retail investors timing entries. MicroStrategy's pivot signals corporate treasuries may monetize bitcoin holdings, potentially increasing selling pressure despite massive holdings.

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KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.