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Bitcoin Slips 0.7% as Morning Rally Fails; Strategy Sells 1,690 BTC

Bitcoin Slips 0.7% as Morning Rally Fails; Strategy Sells 1,690 BTC

Bitcoin slipped 0.7% to trade near $63,400 this morning after a brief rally to $64,400 failed, and the reversal wiped out $39 million in leveraged positions over 24 hours — most of it long money. In a separate move, Strategy sold 1,690 bitcoins to fund a repurchase.

The failed push