Bitcoin gave back the whole rebound in one day. After climbing above $80,000, it slipped back toward $76,000 as a sharp selloff in US tech stocks spilled into crypto, with over $1.2 billion in leveraged positions liquidated in 24 hours, most of them longs.
My take: yesterday's bounce was relief, not a turn, and this confirms it. The market is still trading on stock-market mood, not its own story, so watch whether $75,000 holds before reading anything into the next bounce. #Bitcoin $BTC
My take: yesterday's bounce was relief, not a turn, and this confirms it. The market is still trading on stock-market mood, not its own story, so watch whether $75,000 holds before reading anything into the next bounce. #Bitcoin $BTC