Bitcoin was last up 2.5% at $63,453.5 at 16:58 ET (20:58 GMT) on Monday, following a more than 17% weekly decline, its worst weekly performance this year. The cryptocurrency had briefly fallen below $60,000 before recovering.<\/p>\n
Recent pressure on Bitcoin was attributed to sustained institutional selling over the past four weeks, largely reflected in capital outflows from U.S. spot Bitcoin exchange-traded funds. These funds recorded outflows of $1.72 billion last week, their largest weekly outflow since April 2025, and have now seen four consecutive weeks of redemptions totalling $5.4 billion, according to data from SoSoValue.<\/p>\n
Institutional withdrawals came amid a period of risk aversion linked to the Iran war and concerns about its impact on interest rates. At the same time, some investors were reported to be rotating into equities with artificial intelligence exposure, as optimism around that sector grew at the expense of crypto. Bitcoin saw some relief as the AI rally stalled on Friday and Monday.<\/p>\n
Strategy disclosed on Monday that it had purchased 1,550 Bitcoin for roughly $101 million, according to executive chairman Michael Saylor. The acquisition, at an average price of $65,332 per coin, was the company\u2019s first buy since Saylor sold 32 Bitcoin on June 1.<\/p>\n
The latest purchase lifts Strategy\u2019s total holdings to 845,256 BTC, accumulated at a total cost of just under $64 billion, implying an average purchase price of $75,680 per coin. The buy followed last week\u2019s sell-off and came shortly after Bitcoin\u2019s dip below $60,000.<\/p>\n
Broader cryptocurrency prices moved higher on Monday alongside Bitcoin, supported by an apparent halt in the recent flare-up between Iran and Israel. Media reports said the latest exchange began with an Israeli strike on Beirut, followed by Iranian attacks and subsequent Israeli retaliation targeting central and western Iran.<\/p>\n
Former U.S. President Donald Trump called on both sides via Truth Social to cease hostilities, while Iran\u2019s state media later reported that the country\u2019s armed forces had announced the end of military operations against Israel. Israeli Prime Minister Benjamin Netanyahu stated that Israel would stop attacks on Iran \u201cfor now,\u201d while warning of a strong response to any further Iranian action.<\/p>\n
Among major altcoins, Ether rose 3.7% to $1,688.32 after a weekly decline of more than 20%. BNB, XRP, Solana, and Cardano advanced 2.2%, 4.1%, 4.2%, and 6.3%, respectively, while Dogecoin gained about 3%.<\/p>\n
Why did Bitcoin fall more than 17% last week?<\/strong> How much Bitcoin did Strategy buy and at what price?<\/strong> What are Strategy\u2019s total Bitcoin holdings now?<\/strong> How did major altcoins perform on Monday?<\/strong>
Bitcoin\u2019s weekly decline was linked to sustained institutional selling over four weeks, reflected in significant outflows from U.S. spot Bitcoin ETFs, alongside broader risk aversion related to the Iran war and shifting investor interest towards AI-related equities.<\/p>\n
Strategy bought 1,550 Bitcoin for roughly $101 million at an average price of $65,332 per coin.<\/p>\n
After the latest purchase, Strategy holds 845,256 BTC at a total cost of just under $64 billion, implying an average cost of $75,680 per Bitcoin.<\/p>\n
On Monday, Ether rose 3.7% to $1,688.32, while BNB, XRP, Solana, and Cardano gained 2.2%, 4.1%, 4.2%, and 6.3%, respectively; Dogecoin increased by about 3%.<\/p>\n