Bitcoin gained $467 from the previous session close of $63,669 to $64,136, a 0.71% move that kept price range-bound in the upper half of its 30-day channel.A quiet day. Price consolidated inside its 30-day range and no institutional move cleared the bar for a structural shift. The Strategy BTC sale news had already been priced in across the week, and the US reserve story remains a work-in-progress with no concrete action.
Strategy sold 3,588 BTC for $216M to fund preferred stock dividends, accelerating its pace of bitcoin sales and prompting questions about its capital-allocation framework.
Bitcoin recovered intraday from the Strategy sale news, with funding rates reaching 9%, indicating that leveraged bulls absorbed the selling pressure rather than retreating.
Grayscale commented that Strategy's bitcoin sales should restore confidence in its financing structure and help bitcoin find a more durable bottom.
The US strategic bitcoin reserve remains unresolved, with the White House still evaluating the best structure as federal agencies work through legal and jurisdictional questions.
At 923 EH/s, network hashrate remains near record levels, reflecting continued miner commitment to the Bitcoin network despite price being 49% below its all-time high.
Market Snapshot
Market Cap
$1.29T
24h Volume
$35.34B
Dominance
55.9%
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