Bitcoin Hits Three-Month Low Below $65,000 As Fourth Capitulation Wave Doubles to $850,000,000 Daily

Bitcoin Hits Three-Month Low Below $65,000 As Fourth Capitulation Wave Doubles to $850,000,000 Daily

Bitcoin is sliding to a three-month low of $65,000 amid its fourth capitulation wave since the all-time high, with daily selling volume doubling to over $850 million primarily from short-term holders who bought above $80,000.

Bitcoin falls below $65,000 for first time since August

NEW YORK: Bitcoin fell below $65,000 on Saturday, trading at $64,733.68, down 6% from a day earlier.On Binance, the world’s largest cryptocurrency exchange by trading volume, Bitcoin fell 5.9% over the previous 24 hours.The decline marked the first time Bitcoin had fallen below the $65,000 level since August 19.

Binance Liquidations Near $800 Million as Bitcoin Sinks

Binance's reported 24-hour liquidations approached $800 million as bitcoin fell roughly 8% and ether 10%, according to CoinGlass and exchange data.

Crypto Market Value Falls 8.05% to $2.21 Trillion as Bitcoin Trades Under $65,000

Long liquidations totaled $735.7 million of the $783.3 million recorded across Binance, Bybit and OKX over 24 hours.