Ether, solana and dogecoin slide as Strategy's bitcoin sales plan pressures market
CoinDesk·
60-second summary
Bitcoin remains below $60,000 as a strengthening dollar weighs heavily on the crypto market, with ether, solana, and dogecoin also experiencing declines. Onchain demand remains subdued amidst the losses. Strategy's potential plan to sell bitcoin adds to the market's caution, pressuring prices further, as investors become increasingly risk-averse due to the dollar's surge.
Bitcoin held below $60,000 as a surging dollar kept crypto pinned. Onchain demand stayed quiet through the week's losses, and Strategy's plan to possibly sell bitcoin added to the caution.