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The Nexus
BUSINESSJun 26 · 18:23 UTCFORTUNECamila Grigera Naón

Bitcoin down 20% since May as Strategy fallout spooks investors

Bitcoin has dropped 20% since May, with Ethereum and the broader crypto market also declining. The downturn is linked to waning confidence in Strategy, a Bitcoin-holding company, as its stock and STRC token lose value, raising fears of forced Bitcoin sales. Federal Reserve comments on inflation and potential interest rate hikes further spook investors.

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