Crypto takes a short break just as Strategy (finally) sells some Bitcoins
Last Updated on 8 May 2026 by CryptoTips.eu
Bitcoin took a brief breather after reaching a value of $83,000 on some of the major trading platforms. Altcoin investors are also taking profits, and it will be interesting to see where the support levels lie for most.
It was also noteworthy that Michael Saylor, founder of the largest corporate Bitcoin holder with his firm Strategy, decided to sell a few Bitcoins for the first time ever. This was to pay out the dividend he had promised to shareholders.
200 day-average
Bitcoin rose steadily after a low of $60,000 in early February, and over the last few days, altcoins have followed suit.
The largest digital currency managed to trade above the 200-day moving average for a brief moment, but needs a day close above that level to confirm a new rally.
On the altcoin market, the biggest gains of the past few days were mainly for privacy coins (ZCash, Monero, and Dash), for new and smaller memecoins (as well as Dogecoin), and for the coin of the Telegram platform: Toncoin.
Once the profit-taking is over and the rally restarts, it will be interesting to see where the support levels lie for these smaller altcoins. Diversification is key if you invest in this market.
