Bitcoin (BTC) Price: Can $80,000 Hold After Tech Stocks Drag Crypto Down?
Image: CoinCentral
TLDR Bitcoin fell 3.4% in 24 hours to about $81,387, dragging the crypto market down 3%. The Nasdaq dropped 2.6% on Thursday, its worst session since June, and the sell-off reached Asian stocks. Crypto liquidations hit $440.9 million, with $397 million in long positions. Analysts are watching $80,000 as support, with Daan Crypto Trades eyeing $72K-$75K if it fails. Benjamin Cowen says a daily close below the 50-day SMA could send BTC to the bull market support band. Bitcoin (BTC) slipped below $81,500 on Thursday night as a sell-off in tech stocks spread across global markets. The price fell 3.4% over 24 hours to $81,387. CoinGecko data showed a daily low of $80,989 after a high of $84,788. Bitcoin later recovered to about $81,305, still down 3.5% on the day.
Read the full story on CoinCentralBeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinCentral.
