Strategy rises 5% as Bitcoin holds $64,000

• Strategy gained about 5% as Bitcoin held above $63,000 during Monday’s market sell-off.
• MARA Holdings and Circle rose about 4% as major US indexes fell.
• Investors watched Iran, Oman and the Strait of Hormuz for further market risks.

Strategy gained about 5% to $97.50 as Bitcoin (CRYPTO:BTC) rose 1% to 1.5% and traded near $64,000.

The Nasdaq fell 56 points, while the Dow dropped 189 points and the S&P 500 lost 23 points.

MARA Holdings gained about 4% to 5%, while Circle Internet Group rose about 4% during the session.

Strive climbed about 5% to 6%, while Bullish gained roughly 4% and Coinbase Global rose 1% to 2%.

BitGo Holdings fell about 1%, while Canaan dropped roughly 2% as traders picked different crypto-linked stocks.

Brent crude traded near $92 a barrel, while West Texas Intermediate stayed above $84 as shipping risks grew.

Investors will watch whether Bitcoin holds $63,000 to $64,000 as markets track Iran, Oman and the Strait of Hormuz.

At the time of reporting, Bitcoin price was $64,467.30.