Bitcoin Plunges Below $90,000, Hitting a 3-Month Low: What It Means for MicroStrategy and the Crypto Market
Bitcoin has recently plunged below the $90,000 mark, hitting a 3-month low and now trading nearly 20% below its record high on Inauguration Day. This downturn is bad news for MicroStrategy, the company often seen as a Bitcoin proxy play, which has seen its stock fall nearly 13% today. Our analyst, TAA McKel, provides deeper…