Crypto markets tumbled after Microsoft shareholders rejected a proposal to diversify into Bitcoin, sparking a wave of selling pressure. Bitcoin slipped below the $95K mark, dragging several altcoins deeper into the red. Over $500M worth of leveraged positions, primarily longs, were liquidated within 24 hours.
Ethereum dropped to the $3,500 range, with many altcoins seeing double-digit losses. The Greed & Fear Index eased to 74, reflecting a market reset amid the broader correction. In contrast, MARA Holdings boosted its Bitcoin reserves with a $1.1B purchase, reaching an industry-first 50 EH/s hashrate, though its shares still closed down 4.4%.
