Bitcoin Holds $75k Support Amid Equity Crash
BTC's low was $75,208 during the Nasdaq selloff, and some traders see $87.4k next, though BTC is still about 40% below its all-time high.
What we know
One RT notes five wicks under $75.8k since August with no daily close below $75.6k. An account on X expects BTC to beat equities over 12 months. Bilello's table shows Bitcoin -40% from its high.
How the story developed
BTC's low was $75,208 during the Nasdaq selloff, and some traders see $87.4k next, though BTC is still about 40% below its all-time high.
BTC fell less than Nasdaq, while traders debate dip-buying; Machi suffered large Hyperliquid losses.
BTC hit a seven-week low under $76K with $370M+ in long liquidations. Some call it relative strength versus the Nasdaq and are buying, while others expect a retest of lows.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.