Bitcoin edges up 0.7% to $67K but remains range-bound after 9.5% weekly decline
By
Oliver Knight, Omkar Godbole
8h ago· 4 min readenNews
80/100
Golden Brown
Bagelometer↗
Hand-rolled, kettle-boiled, baked to perfection. Worth every minute at the bakery.
Score80TypenewsSentimentnegative
Summary
Bitcoin recovered 0.7% to ~$67,000 after a 9.5% decline since Sunday, but remains trapped in a range between $60,000-$81,000. A drop below $60,000 could trigger liquidations and a slide to $54,000 support. Ether trades at $1,870. The crypto market shows divergence from U.S. stocks hitting records and AI token rallies.
Key quotes
· 3 pulledBitcoin price recovered 0.7% on Wednesday, but remains at a crucial crossroads after a 9.5% decline since Sunday.
If bitcoin tumbles below $60,000 it would probably trigger a wave of liquidations and a possible slide to as low as $54,000, a level of support dating back to both 2024 and 2021.
Ether (ETH), meanwhile, trades at $1,870 after rising by 0.9% since midnight UTC.
A modest BTC recovery does little to mask a 9.5% weekly decline, as U.S. stocks hit records, AI tokens rally and Coinbase's Ethena deal steals the spotlight.