Bitcoin Prices Plummet Below $67k Amid Market Turmoil

Bitcoin fell below $67,000 on Tuesday, extending its recent decline and causing long liquidations of over $1.4 billion across the cryptocurrency market. The drop was attributed to a combination of factors, including a 10-day outflow from Bitcoin ETFs that exceeded $3 billion and Michael Saylor's first Bitcoin sale in four years, which destabilized the market's most reliable narrative.

The price of Strategy shares also plummeted, closing down more than 9% on Tuesday and now trading at over 70% below their 52-week high. This decline is significant, as it affects not only the share price but also Bitcoin itself, which has fallen roughly 46% off its all-time high.