15.12.202501:42:17UTC+00Bitcoin Drops Below $90K

In mid-December, Bitcoin fell below the $90,000 mark, reaching a two-week low as a global downturn in technology stocks dampened risk appetite. This dip was largely attributed to worries about high valuations and aggressive spending related to artificial intelligence, coupled with increasing uncertainty regarding the US Federal Reserve's policy direction for the coming year. Further compounding the situation were concerns about a significant bitcoin correction, particularly after Strategy Chairman Michael Saylor highlighted potential "chaos, confusion, and profoundly harmful consequences" should his bitcoin-heavy company be removed from the MSCI indices. Saylor advocated for MSCI to retract a proposal aimed at excluding firms with crypto holdings exceeding 50% of their total assets from its global equity benchmarks. Analysts warned that such a proposal, if adopted by other index providers, could result in up to $8.8 billion in outflows from Strategy's stock, thus intensifying volatility across cryptocurrency-related assets.