In a turbulent market marked by falling prices, Bitcoin (BTC) has once again 
dipped below the $85,000 threshold, driven by growing speculation that 
Strategy, formerly known as MicroStrategy, may be on the verge of selling some 
of its Bitcoin holdings. This intensified after a recent interview on the What 
Bitcoin Did podcast, during which Strategy CEO Phong Le was directly asked 
whether the company would consider parting with any of its BTC holdings. While 
the firm’s former CEO, Michael Saylor, has consistently maintained a resolute 
stance against selling, Le’s comments have raised concerns about potential 
sales in the future. Is A Bitcoin Sell-Off Imminent? Le indicated that if 
Strategy&#8217;s stock trades below the actual value of its Bitcoin holdings and the 
company is unable to raise additional capital for preferred dividends, selling 
some Bitcoin could become a necessity. &#8220;If the stock trades below the value of 
our Bitcoin… then mathematically we would have to sell some Bitcoin. It would 
be the last resort,&#8221; he explained. While this does not confirm an imminent 
sale, it visibly places the option on the table, leading to increased 
speculation about a forced sale as preferred dividend payments approach due on 
December 31. Related Reading: Here’s Why The Bitcoin Price Is Crashing Today 
Adding to the unease, Strategy disclosed in a recent filing with the US 
Securities and Exchange Commission (SEC) that it has established a USD Reserve 
of $1.44 billion to cover these upcoming preferred dividends and mitigate the 
interest on its substantial debt. This reserve was funded through the proceeds 
from sales of its class A common stock under the company’s at-the-market 
offering program. Such moves have diluted current shareholders and contributed 
to a nearly 11% drop in Strategy&#8217;s stock price. Strategy Downgrades BTC Price 
Forecast This shift contrasts sharply with the company&#8217;s previous forecasts, 
which predicted that Bitcoin would soar to $150,000 by the end of the year. 
Strategy has now revised its expectations, projecting prices to range between 
$85,000 and $110,000. The forecast for BTC yields has also been revised down 
to 24% from a previous estimate of 30%, along with projected Bitcoin gains 
decreasing significantly from $20 billion to $10.6 billion at the midpoint. 
Related Reading: $300 Million Crypto Bet: Kazakhstan’s Central Bank Gears Up 
As Bitcoin&#8217;s value continues to plummet, it further unravels Strategy&#8217;s 
financial outlook. Nevertheless, social media experts have pointed to a 
paradox within the company’s messaging. AlejandroXBT noted that while Saylor 
has consistently stated he will never sell Bitcoin, he has been conducting 
private presentations to clients outlining various strategic approaches, 
suggesting a potential disconnect between public declarations and private 
planning. When writing, the market’s leading cryptocurrency trades at $84,880, 
recording major losses of over 7% in the 24-hour time frame. Featured image 
from DALL-E, chart from TradingView.com

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Crypto prices today have slid further as pressure from Japan’s bond market 
flowed into digital assets. The total crypto market cap slipped by 5.3% to 
just above $3 trillion, adding to the weak momentum that has carried into 
December. At…

Crypto prices today (Dec. 2): BTC, ETH, XRP, BNB slide as Bank of Japan ends cheap yen policy

XRP price started a fresh decline below $2.10. The price is now struggling and 
faces resistance near the $2.050 pivot level. XRP price started a fresh 
decline below the $2.050 zone. The price is now trading below $2.050 and the 
100-hourly Simple Moving Average. There is a bearish trend line forming with 
resistance at $2.120 on the hourly chart of the XRP/USD pair (data source from 
Kraken). The pair could continue to move down if it settles below $2.00. XRP 
Price Dips Again XRP price attempted a recovery wave above $2.150 but failed 
to continue higher, like Bitcoin and Ethereum. The price started a fresh 
decline below $2.10 and $2.050. There was a move below the $2.00 support 
level. A low was formed at $1.984, and the price is now consolidating losses 
below the 23.6% Fib retracement level of the downward move from the $2.275 
swing high to the $1.984 low. The price is now trading below $2.050 and the 
100-hourly Simple Moving Average. If there is a fresh upward move, the price 
might face resistance near the $2.050 level. The first major resistance is 
near the $2.120 level. There is also a bearish trend line forming with 
resistance at $2.120 on the hourly chart of the XRP/USD pair. It is near the 
50% Fib retracement level of the downward move from the $2.275 swing high to 
the $1.984 low. A close above $2.120 could send the price to $2.20. The next 
hurdle sits at $2.250. A clear move above the $2.250 resistance might send the 
price toward the $2.2850 resistance. Any more gains might send the price 
toward the $2.350 resistance. The next major hurdle for the bulls might be 
near $2.40. More Losses? If XRP fails to clear the $2.050 resistance zone, it 
could start a fresh decline. Initial support on the downside is near the $2.00 
level. The next major support is near the $1.9850 level. If there is a 
downside break and a close below the $1.9850 level, the price might continue 
to decline toward $1.920. The next major support sits near the $1.880 zone, 
below which the price could continue lower toward $1.820. Technical Indicators 
Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. 
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 
level. Major Support Levels – $2.00 and $1.9850. Major Resistance Levels – 
$2.050 and $2.120.

Cryptocurrency price in PKR