Bitcoin Rallies 25% From $60K Low Raising Doubts on Cuban's Sale

As of May 24, Bitcoin trades near $77,000 after surging 25-30% from a $60,000 low since Middle East tensions escalated, outperforming the S&P 500 and gold. The story began May 21 when Mark Cuban announced selling 80% of his Bitcoin holdings, calling it a failed hedge during the Iran conflict as gold rallied. Debate intensified May 22-23 as analysts like Scott Melker and Adam Back countered with data showing Bitcoin's outperformance, prompting questions whether Cuban sold near the bottom amid the rebound.