Bitcoin slips 2.3% as MSCI share issuance rule change clouds MicroStrategy's BTC buying plans
Bitcoin fell by 2.30% on Wednesday to an intraday low near $91,550 even as MSCI confirmed Bitcoin treasury firms would remain in its benchmark indexes. MSCI's decision to stop adjusting index weights for newly issued shares reduces passive demand for companies like MicroStrategy, which raised over $15 billion through new equity in 2025. Chart signals now point to potential downside toward the $88,000–$89,000 area and, if support fails, possibly closer to $79,450.