Bitcoin Drops Below $64,000 as Strategy Sells 1,690 BTC

Bitcoin fell below $64,000 on Aug. 10 after reaching an intraday high of $65,416. The drop erased nearly 2% of BTC's market cap, reducing it to $1.28 trillion and wiping out over $47 million in long leveraged positions. Strategy sold 1,690 BTC, contributing to the price decline that snapped a multi-day rally.