Scott Melker: Bitcoin falls below $58000 as MSTR hits 28-month low

Scott Melker: Bitcoin falls below $58000 as MSTR hits 28-month low
Bitcoin crashes below $58000, MSTR drops

Scott Melker, owner and content creator, highlights a decline in Bitcoin's price below $58000, pointing out that Strategy's MSTR shares have reached a 28-month low.

He announces plans to discuss these market moves live at 9 a.m. EST.

Melker recently highlighted panic selling in crypto markets following a minor BTC sale by Strategy and movements from Mt. Gox wallets. In a separate update, he reported that JPMorgan raised its S&P 500 year-end target to 7,800, citing strong AI-related earnings. These reports come as Bitcoin trades below key levels and MSTR hits a multi-year low.

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