Bitcoin drifts near $87,000 as year-end outflows linger and crypto stocks slip
Bitcoin slipped 0.3% to about $87,330 Monday after hitting a session low of $86,780. Strategy disclosed buying 1,229 bitcoin for $108.8 million, funding the purchase by selling shares. CoinShares reported $446 million in weekly outflows from crypto investment products. Crypto-linked stocks and U.S. indexes also traded lower.