{"id":4337,"date":"2021-06-22T19:55:54","date_gmt":"2021-06-22T18:55:54","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=4337"},"modified":"2021-06-22T19:56:00","modified_gmt":"2021-06-22T18:56:00","slug":"microstrategy-stock-plummets-as-bitcoin-bounces","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/microstrategy-stock-plummets-as-bitcoin-bounces\/","title":{"rendered":"MicroStrategy: Stock Plummets As Bitcoin Bounces"},"content":{"rendered":"\n
MicroStrategy<\/a> (MSTR) shares fell as much as 12% on Tuesday, amid hints of resilience in the broader US stock market.<\/h5>\n\n\n\n
\"MicroStrategy:<\/figure>\n\n\n\n

MicroStrategy \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>(MSTR) stock fell again on Tuesday, extending an early-week decline fueled by a highly volatile cryptocurrency market that saw Bitcoin (BTC) momentarily break above the $30,000 barrier.<\/p>\n\n\n\n

During the early morning trade, MSTR hit an intraday low of $513.02, capping a 12-percent drop. On Monday, shares of the business intelligence provider fell 16.7%, wiping off much of last week's gains.<\/p>\n\n\n\n

On Monday, the broad S&P 500 Index of large-cap companies surged 1.4 percent, while the tech-heavy Nasdaq Composite Index rose 0.8 percent. On Tuesday, both indices were expected to close higher.<\/p>\n\n\n\n

Since CEO Michael Saylor initially declared his company's connection to Bitcoin, MSTR has acted as a crypto proxy stock.<\/p>\n\n\n\n

Saylor's Bitcoin <\/a>gamble drew positive attention to the cryptocurrency business and aided the market's meteoric rise between October 2020 and May 2021.<\/p>\n\n\n\n

As a result, MicroStrategy's stock price soared in February at $1,315.00 before drastically falling over the next three months.<\/p>\n\n\n\n

Saylor and organizations under his direct control currently have a total of 111,000 BTC under their control. MacroStrategy LLC, Saylor's new Bitcoin holding firm, has 105,084 BTC worth around $3.4 billion.<\/p>\n\n\n\n

On Tuesday, the bitcoin market suffered significant losses. Cryptocurrencies have lost more than half of their market capitalisation since their peak last month, with a total market capitalization of $1.3 trillion.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

MicroStrategy (MSTR) shares fell as much as 12% on Tuesday, amid hints of resilience in the broader US stock market. MicroStrategy (MSTR) stock fell again on Tuesday, extending an early-week decline fueled by a highly volatile cryptocurrency market that saw Bitcoin (BTC) momentarily break above the $30,000 barrier. During the early morning trade, MSTR hit […]<\/p>\n","protected":false},"author":13,"featured_media":4339,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[152,539],"class_list":["post-4337","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-microstrategy"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/06\/MicroStrategy-Stock-Plummets-As-Bitcoin-Bounces.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/4337","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=4337"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/4337\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/4339"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=4337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=4337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=4337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}