Bitcoin Faces Selling Strain Above $70K as Wall Street Signals Correction Near End
By Micah Zimmerman
Wall Street firms like Morgan Stanley and JPMorgan Chase signal that the recent stock market correction is nearing its end, urging investors to buy dips amid strong earnings growth and favorable conditions for recovery. Bitcoin continues to stall above $70,000 due to heavy profit-taking, with Glassnode data showing over $20 million in BTC sold hourly during rallies near $72,000, exacerbated by US-Iran geopolitical tensions. MicroStrategy purchased an additional 13,927 BTC for about $1 billion, increasing its total holdings to 780,897 BTC.
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