Bitcoin Slips Below $65K as Crypto Market Wobbles
Bitcoin gave up ground on Wednesday, trading at $64,074, down 0.8% on the day and 5.1% over the week. ETH followed the trend to $1,853, reflecting broad selling pressure across digital assets. Trading volumes remain moderate, signaling increased caution among investors. This decline comes against a tense macroeconomic backdrop, with fears of monetary tightening persisting in the United States. Traditional markets, including the S&P 500, also retreated, reinforcing the idea of a global risk-off move. Crypto investors, often sensitive to abundant liquidity, appear to be adjusting their positions amid uncertainty over interest rates. For observers, this weekly pullback of over 5% is a reminder of Bitcoin’s historical volatility, but also its growing correlation with traditional risk assets. In the near term, the psychological $60,000 threshold could become a key test if the downtrend continues. The coming days will be decisive in gauging the market’s resilience.
