STRC Plunges Below $85 While Bitcoin Holds Near $60K Amid Growing Bottom Calls

According to reports this week, Michael Saylor's STRC token traded as low as $82.50 before recovering sharply, with STRC down 15% over two weeks. Matt Cole described it as the most difficult day in the history of Digital Credit, while market participants debated whether the depegging signals broader risk or a buying opportunity.

Meanwhile, Bitcoin edged closer to $60,000 as a growing consensus among crypto analysts emerged that a market bottom may be forming. Standard Chartered's Geoff Kendrick declared crypto winter over, maintaining year-end targets of $100K BTC and $4K ETH, while Coinbase CEO Brian Armstrong said the bottom is in. Glassnode noted signs of market repair with improving liquidity and stronger passive bids.