Strategy Crashes 10%, Coinbase Falls 6% as Bitcoin Breaks $70,000 Floor in Day-Two Selloff

Strategy (MSTR) shares fell to $135 after the company sold 32 Bitcoin (BTC) for $2.5M, representing less than 0.004% of its 843,706 BTC holdings.

Coinbase (COIN) stock dropped to $172 as the company’s Q1 net loss of $1.49 per share and 31% YoY revenue decline amplified sensitivity to Bitcoin weakness.

The analyst who called NVIDIA in 2010 just named his top 10 stocks and Coinbase wasn't one of them. Get them here FREE .

Shares of Strategy ( NASDAQ:MSTR ) are down 10% in mid-morning trading Tuesday, while Coinbase ( NASDAQ:COIN ) stock is off 6%. The catalyst is the tape under both names: Bitcoin (CRYPTO:BTC) has broken below $70,000.

Strategy stock is trading around $135 after a Monday close of $149.78. Coinbase stock is changing hands near $172 versus Monday's $182.61 close. Bitcoin last printed at approximately $67,200, down 5% over the past 24 hours.

This is day two of the Saylor-triggered crypto asset selloff that yesterday's 24/7 Wall St. piece flagged, and the $70,000 zone explicitly identified as the watch level has now failed.

The analyst who called NVIDIA in 2010 just named his top 10 stocks and Coinbase wasn't one of them. Get them here FREE .

Bitcoin is now down 8% on the week and 14% on the month. Year to date (YTD), BTC has shed 23%, and the one-year drop now sits at 36%.