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Bitcoin falls below $67,000, down more than 7% on the day
Bitcoin is at the worst levels in 15 months as it breaks below $67K for the first time since October 2024. It's part of a swan dive since $90K on January 28. That's a harsh fall in a very short period of time. Since October 6 when Bitcoin hit $126K, it's down 48% in the worst drawdown in years. On the longer-term chart there isn't much support nearby. The November 2024 low was taken out today and there's not real support until $50K, where I would expect some large bids to appear. The drop in bitcoin is coinciding with a rout in tech stocks, particularly highly valued Mag7 names and software stocks. The sense in ... (full story)
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