Why Is Bitcoin Down? The recent selloff coincides with losses across risk-forward financial assets, including stocks, as the S&P 500 is down 2% over the last week. Catalyzing the

Bitcoin pared earlier losses after capping its first weekly decline since Donald Trump’s election victory, while many smaller tokens turned higher on the day. The largest digital asset was down 1.2% at about $93,

"These types of things never go on forever and often end poorly," Steve Sosnick said of MicroStrategy's leveraged bitcoin bet.

MicroStrategy Inc., which is set to enter the Nasdaq 100 Index on Monday, announced it had purchased an additional $561 million of Bitcoin at an average price near last week’s record high.

MicroStrategy Incorporated (NASDAQ:MSTR) said on Monday it acquired 5,262 bitcoins at an average price of $106,662 each, using proceeds from the sale of 1.32 million shares, which raised $561 million.