MicroStrategy's stock (MSTR) has plunged 30% following a breach of its 50-week exponential moving average (EMA), a significant technical indicator. This decline coincides with Bitcoin's struggle to maintain its position above the $100,000 mark, sparking concerns over MicroStrategy's leveraged exposure to its $64 billion Bitcoin holdings. Analysts caution that continued weakness in Bitcoin's price could result in a further 55% drop in MSTR's stock value.
MicroStrategy Stock Plummets 30% Amid Bitcoin's Dip Below $100,000
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