Bitcoin Remains Weak as Geopolitical Uncertainty Rises, Strategy Sells Bitcoin
Dow Jones08-04 15:04
0704 GMT - Bitcoin stays under pressure following renewed U.S.-Iran tensions and after crypto hoarding firm Strategy announced it sold bitcoins last week. President Trump said Monday Iran was "unbelievably duplicitous," claiming Tehran had asked for talks on ending the war before denying discussions were taking place. Strategy said Monday it sold 1,638 bitcoin for $104.73 million last week, marking the third time the company has sold the cryptocurrency this year. Meanwhile, bitcoin owners continue to reel from a hack of bitcoin storage device Coldcard. Bitcoin falls 0.2% to $63,626, LSEG data show.
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