Bitcoin drops to $66,000: down 40% from peak in worst streak since 2018
Bitcoin plunges to $66,166, accumulating a 40% drop from its peak. Worst monthly losing streak since 2018 with over $2 billion in liquidations.
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Bitcoin plunges to $66,166, accumulating a 40% drop from its peak. Worst monthly losing streak since 2018 with over $2 billion in liquidations.
Bitcoin stabilizes at $67,000 while US Bitcoin ETFs become net sellers for the first time. With an average cost basis of $84,000, institutional investors are down 20%.
Bitcoin rebounded to $68,000 after briefly crashing below $60,000 earlier in February. We analyze what happened, what is next, and whether it is time to buy.