Bitcoin rose 2.5% on August 17 to $64,426, with more than $81 million in short positions liquidated amid oil market volatility following US President Trump's warning of strikes on Oman. Of the $86.8 million in total liquidations over 24 hours, short liquidations accounted for $81.3 million, or 93.4%, with over $68 million of that occurring after reports of Trump's remarks. As the 60-day negotiation deadline between the United States and Iran expired, Brent crude futures rose 2.7% to settle at $90.87 per barrel. Strategy raised $333.7 million through the sale of 3.46 million MSTR shares while maintaining its Bitcoin holdings at 84,447 BTC, and the absence of additional sales eased market concerns about selling pressure. On the technical side, Bitcoin recovered its 7-day and 30-day moving averages, but the 90-day moving average at $65,114 and the 180-day moving average at around $68,922 remain as overhead resistance.
MicroStrategy IncorporatedRaised $333.7M via share sale, easing selling pressure concerns.
