Bitcoin falls to $91,000 despite favorable cryptocurrency decision in the MSCI index

Source: Yellow Original Title: Bitcoin falls to $91,000 despite favorable cryptocurrency decision in MSCI index

Original Link: https://yellow.com/es/news/bitcoin-cae-a-91000-dólares-pese-a-la-decisión-favorable-a-las-criptomonedas-del-índice-de-msci Bitcoin (BTC) fell 2.3% on Wednesday to around $91,550 despite the index provider MSCI deciding to keep companies with treasury holdings in cryptocurrencies in its global benchmark indices.

The decline occurred after MSCI’s announcement on Tuesday that companies like Strategy would remain in its indices, reversing a proposal that had pressured markets for months.

Strategy’s shares rose 6% in after-hours trading following the news, but had fallen 4.1% during Tuesday’s session.

What happened

MSCI announced on January 6 that it would maintain the current treatment for digital asset treasury companies whose holdings in cryptocurrencies exceed 50% of their total assets.

The decision ended three months of uncertainty after MSCI proposed that such companies could be excluded from its benchmark indices.

Analysts had warned that exclusion could trigger between $10 billion and $15 billion in forced sales as passive funds divested.

MSCI stated it will conduct broader consultations on the treatment of non-operational companies with large cryptocurrency holdings.

Why it matters

The MSCI news removed the uncertainty that had been pressuring cryptocurrency markets since October.

However, Bitcoin’s decline on Wednesday suggests other factors may be driving recent market weakness, including profit-taking after early January gains.

Some analysts wonder whether market movements are due to institutional actions or typical volatility.

Technical analysts warned that Bitcoin’s failure to stay above $94,000 could open the door to declines toward the $88,000-$89,000 range.

Strategy owns 673,783 Bitcoin valued at approximately $62 billion, representing 99% of its enterprise value.