Bitcoin regained momentum after slipping from a three-month high on Thursday, pausing its recent rally earlier in the session after major corporate holder Strategy indicated it may reduce its position.
Despite the brief pullback, sentiment across crypto and wider financial markets remained positive, supported by growing expectations of a de-escalation between the U.S. and Iran, which lifted risk assets broadly.
Bitcoin rose 0.18 percent to $81,595 after falling to $80,951.3 earlier in the session. The leading cryptocurrency had climbed nearly 12 percent in April, driven by bargain hunting and optimism that tensions in the Iran conflict would ease further.
Strategy Inc weighs selling some Bitcoin holdings
Bitcoin’s early-May rally was supported by upbeat headlines suggesting progress in U.S.–Iran negotiations, with both sides reportedly indicating that talks were moving in a positive direction. Multiple reports also pointed to the possibility of a nearing agreement, fueling a broader risk-on sentiment and lifting markets across the board.
However, Bitcoin lost momentum by Wednesday, hovering near three-month highs after Strategy Inc signaled it was weighing the sale of part of its Bitcoin holdings. The company said any potential sales would likely be used to fund dividend payments, as its substantial Bitcoin accumulation has been financed through a combination of equity issuance and debt.
Chairman Michael Saylor did not disclose how large any Bitcoin sales might be, but emphasized that the firm still intends to continue buying back Bitcoin over time.
Investor sentiment remains cautious
Broader crypto markets were mostly subdued on Thursday, mirroring Bitcoin’s lack of momentum.
Ether, the world’s second-largest crypto, declined 1.05 percent to $2,346.30.
XRP slipped 0.68 percent to $1.4211, while BNB gained 2.32 percent to $652.70, Solana rose 2.92 percent to $90.243, and Cardano gained 1.21 percent.
In the memecoin segment, Dogecoin dropped 3.56 percent, while the $TRUMP token fell 1.40 percent.
