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cryptoAug 3, 2026, 5:01 PM

Bitcoin Falls Below $63K as Strategy Sells $105M in BTC

Bitcoin slipped below $63,000 as Strategy revealed it had sold $105 million of the digital asset. Regulatory updates and exchange news also featured in today's crypto roundup.

BTCUSD

Bitcoin dropped under $63,000 during the latest trading session, pressured by news that Strategy offloaded $105 million worth of the cryptocurrency to repurchase STRC shares. The sale added to the bearish momentum.

In legal developments, Minnesota's prohibition on crypto ATMs took effect, while Telegram founder Pavel Durov was hit with fresh charges that could affect the affiliated TON blockchain project. Kraken, meanwhile, flagged a deficiency in its wallet-screening procedures.

South Korean exchange Bithumb disclosed a timeline for its public listing, and Fortune warned of risks surrounding the partnership between Circle and IBM.

Source: ForkLog