US Stock Market Move | Strategy (MSTR.US) fell more than 8% in pre-market trading, with the price of Bitcoin falling below its holding cost line.

On Monday, before the market opens, Strategy (MSTR.US) fell by over 8%, declining nearly 70% from its historical high to 137.30 US dollars. In terms of news, Bitcoin briefly fell to $74,604 within the day, hitting a 10-month low and now trading at $77,800. The recent sharp drop in Bitcoin prices is putting pressure once again on this globally largest corporate cryptocurrency asset reserve. It is worth noting that, since 2023, the price of Bitcoin has fallen below the average holding cost line of Michael Saylor's leveraged Bitcoin agency, Strategy, for the first time. The company's current Bitcoin holding cost is $76,037, a number that has long been seen as a psychological support level in the market. Last Saturday, the price of Bitcoin fell below $76,000, and during Monday's Asian trading session, this support level was breached.