Bitcoin losing to its competitors
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Cut off the head, and you strip the entire army of its ability to resist. Something similar is happening in the cryptocurrency market. For a long time, Michael Saylor's Strategy inspired other companies, but now it's sliding downhill. Its shares have lost about 15% of their value due to an unsuccessful attempt to sell preferred stock to finance Bitcoin purchases. This is one of the factors behind the decline in BTC/USD. Strategy has many followers. So-called crypto treasuries hold 4.7% of
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