Debasement Trade a Chief Driver of Lower Crypto

Dow Jones06-25 23:56

1156 ET - Major cryptocurrencies are falling again, with a macro-level "debasement trade" a key driver for weakness in bitcoin and other major crypto tokens. "In the short term [bitcoin is] tracking more in-line with 'debasement' trades that are suffering from a relatively hawkish Fed posture," says Stephen Coltman of 21shares. Coltman adds that the status of Strategy's bitcoin treasury, and the ability of the company to survive without selling a sizable portion of it, is also injecting fear into investors. Strategy's last purchase of bitcoin, posted on Monday, brought its total stack to 847,363 BTC, with an average buying price of $75,651 per coin. That means that at today's prices, Strategy is nearly $14 billion underwater. Bitcoin is down 2.7% to $59,250, according to data from LSEG. (kirk.maltais@wsj.com)

(END) Dow Jones Newswires

June 25, 2026 11:56 ET (15:56 GMT)

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Coltman adds that the status of <a href=\"https://laohu8.com/S/MSTR\">Strategy</a>'s bitcoin treasury, and the ability of the company to survive without selling a sizable portion of it, is also injecting fear into investors. <a href=\"https://laohu8.com/S/STRF\">Strategy</a>'s last purchase of bitcoin, posted on Monday, brought its total stack to 847,363 BTC, with an average buying price of $75,651 per coin. That means that at today's prices, Strategy is nearly $14 billion underwater. Bitcoin is down 2.7% to $59,250, according to data from LSEG. (kirk.maltais@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 25, 2026 11:56 ET (15:56 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Debasement Trade a Chief Driver of Lower Crypto</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDebasement Trade a Chief Driver of Lower Crypto\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-25 23:56</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1156 ET - Major cryptocurrencies are falling again, with a macro-level \"debasement trade\" a key driver for weakness in bitcoin and other major crypto tokens. \"In the short term [bitcoin is] tracking more in-line with 'debasement' trades that are suffering from a relatively hawkish Fed posture,\" says Stephen Coltman of 21shares. Coltman adds that the status of <a href=\"https://laohu8.com/S/MSTR\">Strategy</a>'s bitcoin treasury, and the ability of the company to survive without selling a sizable portion of it, is also injecting fear into investors. <a href=\"https://laohu8.com/S/STRF\">Strategy</a>'s last purchase of bitcoin, posted on Monday, brought its total stack to 847,363 BTC, with an average buying price of $75,651 per coin. That means that at today's prices, Strategy is nearly $14 billion underwater. Bitcoin is down 2.7% to $59,250, according to data from LSEG. (kirk.maltais@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 25, 2026 11:56 ET (15:56 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BTCZ","symbol_name":"T-Rex 2X Inverse Bitcoin Daily Target ETF","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2646047978","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2646047978","pubTimestamp":1782402960,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1156 ET - Major cryptocurrencies are falling again, with a macro-level \"debasement trade\" a key driver for weakness in bitcoin and other major crypto tokens. \"In the short term [bitcoin is] tracking more in-line with 'debasement' trades that are suffering from a relatively hawkish Fed posture,\" says Stephen Coltman of 21shares. Coltman adds that the status of Strategy's bitcoin treasury, and the ability of the company to survive without selling a sizable portion of it, is also injecting fear into investors. Strategy's last purchase of bitcoin, posted on Monday, brought its total stack to 847,363 BTC, with an average buying price of $75,651 per coin. That means that at today's prices, Strategy is nearly $14 billion underwater. Bitcoin is down 2.7% to $59,250, according to data from LSEG.  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Coltman adds that the status of Strategy's bitcoin treasury, and the ability of the company to survive without selling a sizable portion of it, is also injecting fear into investors. Strategy's last purchase of bitcoin, posted on Monday, brought its total stack to 847,363 BTC, with an average buying price of $75,651 per coin. That means that at today's prices, Strategy is nearly $14 billion underwater. Bitcoin is down 2.7% to $59,250, according to data from LSEG. (kirk.maltais@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 25, 2026 11:56 ET (15:56 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2646047978","isCrawlerRequest":true}