Bitcoin price sets $64.5K week-to-date low as Strategy selling worries return

Bitcoin's price fell to a week-to-date low of $64,500 on June 12, 2024, as concerns resurfaced regarding potential selling pressure from Strategy, a significant holder. The cryptocurrency experienced downside pressure leading up to the Federal Open Market Committee (FOMC) meeting. Analysts have warned that Strategy might offload additional Bitcoin in the future, which could further impact the market. This potential selling activity has contributed to investor apprehension and influenced the price movement of Bitcoin around the $65,000 mark.