Bitcoin falls, trading below the key $60,000 level, as it struggles to recover from its recent sharp selloff. The market is digesting the prospect of the Federal Reserve raising interest rates, lifting the dollar and weighing on bitcoin, says Stephen Coltman at 21Shares in a note. Meanwhile, crypto-hoarding group Strategy said on Monday that it might sell bitcoin to raise up to $1.25 billion in cash to help cover dividend payments on its preferred stock and the interest on outstanding debt, as well as to fund its share-repurchase program and cash reserve. Bitcoin drops 1.3% to $59,421, having reached a 21-month low of $58,075 on Thursday last week, LSEG data show. (renae.dyer@wsj.com)