Bitcoin staggers, stabilises as it approaches a critical margin call cliff

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MicroStrategy borrowed US$205m from cryptobank Silvergate.

Bitcoin staggers, stabilises as it approaches a critical margin call cliff
Bitcoin neared a price level on Tuesday that could force software firm MicroStrategy to add more tokens against a bitcoin-backed loan or trigger selling some of its vast holdings, setting fragile cryptocurrency markets on edge. MicroStrategy, an aggressive investor in bitcoin, said it borrowed ...

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