Bitcoin dropped 7% to approximately $85,000 as Asian trading sessions opened with widespread losses. Regional equities extended a global selloff after US employment figures left Federal Reserve rate cut prospects unclear, prompting investors to reduce risk asset exposure.

Michael Saylor's Strategy faces potential removal from major stock indexes including MSCI USA and Nasdaq 100, JPMorgan analysts said. Exclusion from MSCI alone could trigger up to $2.8 billion in outflows, with passive funds holding nearly $9 billion in market exposure to the company. Index providers are expected to decide by Jan. 15.

US-listed spot Bitcoin ETFs recorded $75.4 million in net inflows on Nov. 19, ending five consecutive days of outflows that totaled more than $2 billion. BlackRock's iShares Bitcoin Trust led the inflows with $60.6 million, while Fidelity's FBTC saw $21.4 million in outflows. The reversal comes as Bitcoin declined approximately 27% from its October peak near $126,000 to below $90,000 by mid-November.

Bitcoin traded around $92,000 during Thursday's Asian session, gaining 2.3% as buyers stepped in following recent declines. Regional equity markets rallied after Nvidia reported strong quarterly earnings, with technology-heavy indices in Japan and South Korea posting significant gains. The cryptocurrency's total market capitalization reached $3.23 trillion, up 1.9%.

World Liberty Financial disclosed that a subset of user wallets was compromised through phishing attacks before its token went live. The project attributed the breach to third-party security lapses rather than flaws in its own platform. Affected accounts have been frozen while the project implements a KYC-based recovery process.

Bitcoin recovered in Asian trading on Wednesday, rising nearly 2.3% to $92,361 after briefly dropping to $89,286.75, its lowest level in seven months. The cryptocurrency now trades 26% below its October peak above $126,000, with all gains accumulated earlier this year wiped out. The broader crypto market has lost approximately $1.2 trillion in value over the past six weeks.

Cryptocurrency exchange Kraken has received a $200 million investment from Citadel Securities at a $20 billion valuation. The funding follows a $600 million financing round completed in September at a $15 billion valuation, bringing total recent capital raised to $800 million. Kraken plans to use the funds for international expansion and payments infrastructure development ahead of a planned initial public offering.

Bitcoin dropped to $93,000 during Asian trading Monday, marking its sharpest decline since March. The move came as traders scaled back expectations for a December Federal Reserve rate cut to roughly 40%, down from over 60% a week earlier. Data show the selloff triggered $617.45 million in liquidations across cryptocurrency markets within 24 hours.

Japan's Financial Services Agency is drafting regulations to reclassify 105 domestically traded cryptocurrencies, including Bitcoin and Ethereum, as financial products subject to insider trading laws. The proposal would reduce the tax rate on cryptocurrency profits from a progressive structure reaching 55% to a flat 20%, matching the treatment of stock trading gains. The reforms aim to align digital asset regulation with traditional securities markets.