Shares of Michael Saylor’s Bitcoin treasury company, Strategy, fell 6.49% on Thursday, closing at $114.41. MSCI confirmed the removal of the company from its global equity indexes after the November 30 market close, a move that could trigger selling by funds tracking those indexes. JPMorgan previously estimated that the exclusion could result in approximately $2.8 billion in selling pressure. Bitcoin also fell 4.3% to around $71,340, while the total cryptocurrency market capitalization declined 3% to approximately $2.49 trillion.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
