The price of Bitcoin briefly traded below Microstrategy's cost basis for the first time since October of 2023 as top cryptocurrencies dropped on Saturday.
BTC drops below $80,000 following $1.6 billion in monthly ETF outflows, third-worst month on record
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AI INSIGHT
Bitcoin (BTC) fell below $80,000 on Saturday, trading briefly beneath MicroStrategy's cost basis for the first time since October 2023; spot Bitcoin ETFs recorded $1.6 billion of net outflows for the month, the third-largest monthly outflow on record.
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