Morning Minute is a daily newsletter written by Tyler Warner.
The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt
And check out our new daily news show covering all of the top stories in 5 minutes, downloadable on Apple Pod or Spotify. GM! Today’s top news: – Crypto majors continue fall, down another 3-5%; BTC at $66,800 – Alts post big day led by LIT, WLD, ENA, NEAR and ZEC – Coinbase market buys ENA token as the two prepare for new partnership – WSJ features Hyperliquid as primary place for weekend and after-hours markets – Senators Sanders and Warren push for crypto to be blocked from 401ks 📉 Bitcoin Falls Below $67k as MSTR Plummets It appears the fallout from Saylor’s Bitcoin sales isn’t over yet.
Bitcoin crashed below $67,000 on Tuesday with over $1.4B in longs liquidated across crypto. ETH fell below $1,900 and SOL fell sub-$74. The sell-off is now being driven by a 10-day Bitcoin ETF outflow streak now exceeding $3 billion, and Strategy’s first Bitcoin sale in four years destabilizing the market’s most reliable narrative.