Bitcoin: $1.88 Trillion Market Wipeout Hits Stocks and Crypto
Bitcoin drops 2.12% as $1.88 trillion vanishes from stocks, metals and crypto in one hour, with S&P 500 and Nasdaq leading losses.
SourceAnalysis
Bitcoin fell 2.12% and lost $28 billion as a brutal one-hour selloff erased $1.88 trillion across equities, metals and crypto, with the S&P 500 down 1.62% ($1.10 trillion), Nasdaq down 2.50% ($880 billion), gold down 1.95% and silver plunging 5.56%.
Bitcoin’s 4h chart shows price at $61405.51 inside the Bollinger Bands with the upper resistance at $64448.06 while the EMA50 at $64748.9 and EMA200 at $71902.2 keep the structure bearish; RSI at 38.25 remains neutral and MACD at -342.59 has printed a bullish golden cross, suggesting any bounce toward the upper band will likely stall and retest the $60248.94 lower band before continuation. Historical context of crypto market wipeouts versus traditional assets shows BTC still tracks equity drawdowns tightly during broad risk-off moves, making current BTC price prediction models sensitive to further equity weakness and any renewed crypto market crash signals.
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