00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Strategy shares fell Tuesday as Bitcoin broke below $59,000 and crypto-related stocks weakened,
00:09according to Benzinga. Bitcoin has dropped about 21% in June as ETF outflows and fear
00:16in the digital asset market pressured sentiment. Wrecked Capital said Bitcoin may be setting up
00:22for a midsummer bounce, but cautioned July strength could fade in August. Political economist Seth
00:28said the move toward $58,000 triggered long liquidations and added new long liquidation
00:33exposure near $57,800. Eli Ben Sasson called the downturn the most severe crypto winter he has
00:40seen since entering the space in 2013. Strategy remains in a downtrend and trades near its 52-week
00:48low. Shares were down by 0.21% at $87.11 in Wednesday's pre-market trading, according to Benzinga Pro.
00:56For all things money, visit Benzinga.com.
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