Bitcoin (BTC) fell to just above $64,000 amid a stock market rout and weakening sentiment for risk assets, including cryptocurrencies. The plunge led to over $250 million worth of bullish bets being liquidated, the worst hit since early July. Bitcoin is priced around $64,200 at the time of writing, a drop of almost 3.5{aa99edd08dd66036bd4af6c3dbe8af9b4ab31fcc55a521c2956d094a6dcd3a48} in the last 24 hours. The broader digital asset market, as measured by the CoinDesk 20 Index (CD20), has fallen 5.6{aa99edd08dd66036bd4af6c3dbe8af9b4ab31fcc55a521c2956d094a6dcd3a48}. The slump follows the tech-heavy Nasdaq 100 index posting its biggest drop since 2022 after Google parent company Alphabet and Tesla reported mixed quarterly earnings.
Bitcoin Slides After Wednesday’s Tech Rout
