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War Tensions Shake Bitcoin, But Strategy Announces New $26M Buy

  • Strategy has announced a new $26 million acquisition of 245 BTC, amidst global tensions affecting the cryptocurrency market.
  • This marks the fourth purchase by Strategy this month, with its total holdings now at 592,345 BTC, worth $61 billion.
  • The latest purchase was made between June 16th and 22nd, despite escalating tensions between Israel and Iran.
  • Bitcoin faced volatility following US strikes on Iranian nuclear facilities, dropping to $98,000 before rebounding to around $102,800.
  • According to data from Santiment, retail investor sentiment post-crash indicated heightened fear, with FUD spreading among investors.
  • The Social Volume metric showed an increase in bearish calls after the US strikes, signaling a significant impact on investor sentiment.

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