Bitcoin falls below $66,000 as broad crypto sell-off deepens despite stock market highs
By
Shaurya Malwa
10d ago· 3 min readenNews
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Summary
Bitcoin plunged 6.4% to a 24-hour low of $65,708 and ether broke below $1,900 during Asian trading on Wednesday, as a broad crypto market sell-off accelerated. Major cryptocurrencies including Solana, BNB, Dogecoin, and Tron also saw significant declines. The sell-off occurred against the backdrop of global equity strength, with the MSCI All Country World Index hitting a fresh all-time high on the AI rally just hours earlier.
Key quotes
· 3 pulledBitcoin plunged to a low of $65,708 in Asian morning trading on Wednesday, down 6.4% in 24 hours and 12.3% on the week
Ether broke below $1,900 to $1,839, marking a 7.9% drop in 24 hours and lifting the second-largest cryptocurrency's weekly decline to 11.1%
The crypto sell-off is worsening as stock markets continue to inch higher every day
BTC plunged 6.4% to a 24-hour low of $65,708 and ether broke below $1,900 in Asian trading on Wednesday, just hours after the MSCI All Country World Index set a fresh all-time high on the AI rally.
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