Strategy’s mNAV fell to 0.87, meaning the company is worth less than the Bitcoin it owns. Analysts say it reflects lower Bitcoin performance expectations, not structural problems. The extreme premiums DATs commanded over the summer were unsustainable.

The Trump family, with ample crypto ventures, has lost an estimated $1 billion from the monthlong cryptocurrency freefall.

Bitcoin has broken above $90,000 per coin again, nearly a week after it dipped to a seven-month low of about $81,000.

Bitcoin climbed above $90,000 for the first time in almost a week, clawing back ground after a more than a month-long selloff, as a broad rally in risk assets and easing volatility gave traders room to push higher.

MSTR stock kept falling as interest costs ratchet higher. Strategy has lost most of its premium vs. the value of its bitcoin holdings, but it’s not there yet.

Tech investor Cathie Wood’s investment firm remains bullish on crypto and AI, adding shares of Google, Coinbase, and a Bitcoin ETF on Tuesday.

Crypto sentiment remains deep in the red even though a few names are inching higher. The Fear and Greed Index sits still at 15 after printing 10 last week, which marked a record low for this cycle and pulled positioning very close to full risk aversion.In the meantime, Bitcoin is …

Bitcoin’s latest downturn is exposing a fundamental shift as the dramatic price swings that once drew in retail risk-takers have softened, reflecting Wall Street’s growing influence on crypto’s market plumbing.