Live markets: bitcoin's plunge continues, putting February $60,000 low back in play
Google overnight set an $80 billion capital raise, including $10 billion from Berkshire Hathaway, reflecting the continuing flood of money headed into AI (and not crypto)....
Key takeaways
- 1Strive acquired 2,500 bitcoin for $185.2 million at $74,092 per coin average cost last week.
- 2Strive's total bitcoin holdings reached 19,000 coins valued at approximately $1.3 billion.
- 3Bitcoin fell below $69,000, pushing ASST shares down over 4% in premarket trading.
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Why it matters
Institutional players like Strive continue accumulating bitcoin despite price volatility, signaling long-term crypto confidence amid competition from AI capital inflows. For Indian investors, this reflects diverging institutional strategies and potential support levels around $69,000 in current market weakness.
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