Circle, Strategy shares lead crypto stocks lower as bitcoin slump continues
Crypto stocks led by Circle and Strategy fell as Bitcoin slipped to $58.4K amid a rising dollar and Strategy's plan to sell crypto holdings. Major decliners included Solai (-21%), Circle (-14%), and Strategy (-7.5%). Bitfire Research described the market as undergoing a 'stress test' with BTC breaking key moving averages, signaling a medium-term downtrend, though oversold RSI levels suggest bearish sentiment may be priced in.
