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Why MicroStrategy Stock Crashed Today

TheMotleyFool

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Shares of MicroStrategy (NASDAQ: MSTR) plummeted more than 25% on Monday as the price of Bitcoin (CRYPTO: BTC) plunged.

Bitcoin's price sank by over 9% on Monday to roughly $31,000. The popular cryptocurrency has lost more than half its value since reaching its highs near $69,000 in November.

With its limited supply of coins, some investors view Bitcoin as a hedge against inflation. But the Federal Reserve's recent moves to raise interest rates to tame inflation appear to have reduced Bitcoin's attractiveness.

Source Fool.com

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