$BTC slides during the US hours. As of now $BTC is trading at $75,908 and $ETH is trading at $2,073. Bitcoin dominance stands at 60.50%.
MicroStrategy spent roughly 70% of its cash reserves to repurchase $1.38 billion of convertible notes due in 2029, significantly reducing its near-term debt obligations and strengthening its balance sheet. The buyback was viewed as a move to improve financial flexibility and reduce investor concerns around the company’s long-term leverage tied to its Bitcoin strategy.
A few other headlines include: OKX to launch Exchange OS for onchain spot, perps, and outcome markets, TD Cowen says crypto bill unlikely to pass this year amid worsening political environment, and President Trump backs CFTC Chair Selig’s push to expand prediction market authority.
During the last 24 hours, the top three gainers were $RAIN, $WLD, and $LUNC, while the top three losers were $SKYAI, $LIT, and $GRASS.
