Concerns about STRC, the dividend-paying preferred stock from Strategy continue to dominate market sentiment.
Matt Cole says forced selling from leveraged investors pushed STRC and SATA sharply lower before both rebounded.
The software intercepts shortcut files and directs them to install a worm that harvests private keys from the Windows clipboard and inserts its own destination wallet addresses when it detects a transfer.
Heavy selling pushed XRP back below a key support zone, reinforcing a downtrend that has repeatedly stalled rallies near $1.25.
About 20% of miners are now unprofitable, and publicly traded miners sold more than 32,000 bitcoin in the first quarter to cover operating costs, more than they offloaded in all of 2025.
Bitcoin traders are scrambling to buy options bets that would pay off if the selloff deepens.
Crypto dropped across the board on Friday in holiday-thinned trading, giving back the week’s gains. With oil down 9% and the Iran deal signed, the question turns to whether this cycle gets an altseason at all.
Alexander Mashinsky, the founder of failed crypto lender Celsius, had earlier been imprisoned for fraud and is now formally banned from CFTC registration.
The bond market is sending a signal that complicates prospects of a near-term bitcoin bull run.
Total market value has held flat near $2.26 trillion since Tuesday, with the recovery losing momentum after the Fed killed rate-cut hopes and spot ETFs swung back to outflows.
The slide has paused the above-par share sales Strategy uses to fund bitcoin purchases, and it is the same stock whose dividends forced the company’s first BTC sale this month.
Heavy selling pushed XRP back through a closely watched support level, though buyers stepped in above $1.17 to prevent a deeper pullback.