Bitcoin (BTC) fell to simply above $64,000 amid a inventory market rout and weakening sentiment for threat belongings, together with cryptocurrencies. The plunge led to over $250 million price of bullish bets being liquidated, the worst hit since early July. Bitcoin is priced round $64,200 on the time of writing, a drop of just about 3.5% within the final 24 hours. The broader digital asset market, as measured by the CoinDesk 20 Index (CD20), has fallen 5.6%. The droop follows the tech-heavy Nasdaq 100 index posting its greatest drop since 2022 after Google guardian firm Alphabet and Tesla reported combined quarterly earnings.
