Bitcoin plunges below $66,000 as global stocks, AI trades hit fresh records
Bitcoin plunged 6.4% to $65,708 amid broad crypto sell-off, with ether dropping below $1,900. Global stocks hit record highs on AI momentum, creating sharp divergence. MicroStrategy's bitcoin sale, $3.2 billion spot ETF outflows, and Mt. Gox wallet transfer triggered selling. Traders watch $65,000 support level critically; breakdown risks $60,000 target for Indian crypto investors monitoring volatility.
Key takeaways
- 1Bitcoin plunged 6.4% to $65,708 in 24 hours and 12.3% weekly; ether fell below $1,900 with 11.1% weekly decline.
- 2MicroStrategy's first bitcoin sale, $3.2 billion spot ETF outflows, and Mt. Gox's $739 million wallet transfer triggered selling.
- 3Bitcoin's $65,000 support level is critical; breakdown risks $60,000 target while hold could enable relief bounce.
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Why it matters
Crypto's sharp divergence from record-high global stocks signals capital rotation away from digital assets toward AI stocks, directly impacting Indian retail investors' portfolio volatility and risk exposure in crypto holdings during uncertain market conditions.
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