Bulls are required to push the price above the all-time high of $109,000 to continue the uptrend.“Bigger Bitcoin correction has started? ” said popular crypto analyst AlphaBTC in his latest Bitcoin analysis, adding that the price is likely to drop to $100,000 this week in response to the US credit rating being downgraded. “Most likely it will be a quick correction in markets, so we watch how $BTC reacts and if it can get back above $103K, or roll over and head to the low $90Ks first? ”BTC/USD 12-hour chart.
According to a May 19 filing with the US Securities and Exchange Commission (SEC), the company faces a class-action lawsuit that accuses Strategy officials of failure to accurately represent the nature of Bitcoin investments.🚨 JUST IN: MicroStrategy hit with class action lawsuit over alleged misleading statements tied to its Bitcoin strategy and $5.9B unrealized Q1 loss.pic.twitter.com/TdJJfUZTRe— Cointelegraph (@Cointelegraph) May 19, 2025Strategy, holding 576,230 BTC worth approximately $59.9 billion at current rates, is a major player in the crypto space. The lawsuit introduces uncertainty about the company’s financial stability and casts doubts over its aggressive Bitcoin accumulation strategy.
This has heightened macroeconomic uncertainty, contributing to a decline in Bitcoin’s price on May 19. This downgrade and fears of inflation spurred by potential tariff policies under President Donald Trump have rattled financial markets, increasing Treasury yields and triggering risk-off sentiment. “The 30Y Note Yield is above 5.00% and the 10Y Note Yield is up another +11 bps,” said capital markets commentator The Kobeissi Letter in a May 19 post on X, adding:“If the Trump Administration does not intervene here, 8% mortgages are coming.”Increasing US Treasury Bills.
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Author / Journalist: Cointelegraph by Nancy Lubale
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