Bitcoin clawed back to $63,900 on Monday after a rough morning. The recovery happened fast, a $1,500 jump in under three hours, but the day's real story was Strategy's third bitcoin sale of 2026, moving 1,638 coins between late July and early August. Dividend payments and stock buybacks ate the proceeds. Early sellers panicked when the news hit.
The damage showed up immediately. Bitcoin slid from $63,650 down to $62,216 in the morning session, weighed down by liquidation talk. Then Iran negotiations picked back up, and the mood shifted. By 11 a.m. EST, bitcoin had climbed $1,300. It settled around $63,680 to $63,929 by afternoon.
The bounce lifted crypto's total market cap to $2.28 trillion, with bitcoin's own valuation hitting $1.28 trillion. Derivatives traders got hammered in the volatility. Nearly $82 million in leveraged positions liquidated over 24 hours, split between shorts and longs. Bitcoin closed the day up 0.7%, narrowing its weekly loss to 1.9%.
Separate from price action, Polymarket odds for the CLARITY Act fell to 27% as the Senate heads into its August 7 recess. The crypto regulation bill has lost ground fast. Traders read the odds as a sign the bill won't survive the legislative calendar.
This material is for information only and should not be treated as financial advice.
