Happy Monday!

Bitcoin is down again and has tumbled to $85,000 on the first day of the month — is there any stopping this train wreck?

Strategy remains undeterred by the slide, adding another 130 bitcoins to its coffers. But even more interesting is its new USD reserve worth $1.44 billion.

Plus, Cyber Monday is ending soon, and so is your chance to follow Tim and Anne-Marie’s newest trades at 55% off — lock in your $800 savings now.

TOP STORY

Jim Cramer Notes 'Horrible' Bitcoin Start To December As BTC Falls By $4,000 In Minutes

Bitcoin is down almost 9% in the past 24 hours after a sudden wave of long-position liquidations erased nearly $4,000 from price in a matter of minutes.

Jim Cramer said the sharp decline reflected speculative positioning rather than any change in Bitcoin’s underlying case. 

In a post on X, Cramer said the morning selloff aligned with what he outlined in his Sunday note, arguing that Bitcoin and speculative trading “collaborate to start the month horribly” and have “nothing to do with companies we invest in.”

He added that a surge in Japan’s 10-year yield may have amplified the pressure.

The comment followed one of the fastest liquidation events in weeks.

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QUICK N DIRTY

Bitcoin, Ethereum, Dogecoin, XRP are losing value once again on another red start to the week: here’s what’s driving markets today.

XRP has dropped 8% and yet, for some reason, technical indicators say… buy the dip?

Bitcoin has decisively lost $90,000 and 2019 has some lessons for investors to learn what may come next.

FINTECH FOCUS

Strategy Launches $1.44 Billion USD Reserve To Power Its Bitcoin 'Reactor'

Strategy Inc. has purchased 130 Bitcoin and launched a $1.44 billion USD reserve, the company announced on Monday.

President and CEO Fong Lee said the firm now holds 650,000 Bitcoin, valued at about $59 billion, according to the company’s Dec. 1 update.

He noted that updated guidance assumes a year-end Bitcoin price between $85,000 and $110,000, down from the earlier $150,000 assumption.

Under the revised range, Strategy expects year-end BTC dollar gains of $8.4 billion to $12.8 billion

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