Bitcoin Hits Two-Month Low as MicroStrategy Breaks Sale Streak, Gold Tops Treasurys

Welcome to Stock Market Today — your market briefing with actionable insights on stocks, bonds, crypto, and the events moving markets. Let's get into it. Bitcoin breached seventy thousand dollars for the first time in two months, currently trading at sixty-eight thousand nine hundred forty-four dollars. Strategy, formerly MicroStrategy, triggered the selloff by disclosing its first bitcoin sale since December twenty twenty-two—thirty-two coins for two point five million dollars. Michael Saylor confirmed the sale funded preferred stock dividends, emphasizing Strategy's focus on building STRC into the world's best credit instrument. The crypto market is bleeding capital to AI. Spot bitcoin ETFs experienced their longest redemption streak on record—eleven consecutive sessions totaling three point four five billion dollars in outflows since May fifteenth. Google announced an eighty billion dollar capital raise with ten billion from Berkshire Hathaway to fund AI infrastructure. Bitcoin derivatives markets show open interest near seven hundred seventy-three thousand contracts and funding rates at ten percent annualized, signaling overleveraged longs vulnerable to liquidation. The Coinbase Premium Index sits deeply negative at minus one hundred, showing U.S. institutional demand has evaporated. Not everyone's selling. Strive added twenty-five hundred bitcoin for one hundred eighty-five million, bringing total holdings to nineteen thousand coins. Bitmine purchased fifty-two million in Ethereum. Tom Lee called this classic bottom behavior where people sell at lows. Lee dismissed concerns over Strategy's sale as immaterial—representing point zero zero four percent of holdings. In a historic shift, the European Central Bank confirmed gold has overtaken U.S. Treasurys as the number-one reserve asset for central banks worldwide. MoneyGram launched MGUSD, a dollar-backed stablecoin on Stellar. Japan's ruling party proposed creating a legal framework for crypto ETFs and promoting yen-based stablecoins. Vitalik Buterin published research proposing DeFi use options contracts instead of debt-based systems to reduce liquidation risks. Mt. Gox moved ten thousand four hundred twenty-two bitcoin worth seven hundred thirty-nine million ahead of the October thirty-first creditor repayment deadline. Robinhood completed its one hundred eighty million dollar acquisition of Canadian crypto firm WonderFi. That wraps your market intel — trade smart out there. For deeper insights and real-time analysis, visit capitalcopilot dot i o.