The post Bitcoin Trades Below $65K Following Wednesday’s Drop appeared on BitcoinEthereumNews.com.

Bitcoin (BTC) struggled to stay above $65,000, after falling below $64,000 during Wednesday’s American trading hours. After briefly retaking $65,000, BTC drifted toward the $64,500 mark, down around 1% on 24 hours ago. The CoinDesk 20 Index is about 2.4% lower. The halt in Wednesday’s rally followed an equity market sell-off, with the tech-heavy Nasdaq index dropping 2.7% and the S&P 500 falling 1.3%. Joel Kruger, a market strategist at LMAX Group, said that the crypto rally might stall if the stock market sell-off turns into a correction, but over a longer time frame may provide a haven for investors fleeing stocks. Source: https://www.coindesk.com/markets/2024/07/18/first-mover-americas-bitcoin-trades-below-65k-following-wednesdays-drop/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

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Filed under: News - @ July 18, 2024 8:12 pm