Bitcoin Slides to $65.8K, Wiping Out Weekly Gains as Profit-Taking Hits
Bitcoin dropped to $65,884 on Saturday, falling 2.3% on the day. Ethereum followed, trading at $1,931, erasing a significant portion of the week’s gains. The weekly performance is now negative at -3.1%, canceling out the rebound seen on Thursday. The pullback is attributed to profit-taking following Thursday’s bounce, coupled with lingering concerns over global liquidity. Asian markets opened lower, and cryptocurrencies tracked that trend. No specific event triggered the sell-off, but overall sentiment remains fragile. For investors, this session confirms that the crypto market is still dominated by uncertainty. Key technical levels, such as the $65,000 mark, are being tested without conviction. Heading into the weekend, reduced liquidity could amplify price swings, making the next few sessions crucial for determining the trend heading into March.
