Bitcoin Defies Bearish Prediction, Holds Steady at $65,500
Bitcoin's price is holding up relatively well despite a recent wave of selling pressure. The cryptocurrency has been trading near $65,500 after briefly dipping to $64,600 intraday, showing resilience compared to other risk assets.
The latest pullback was triggered by renewed pressure across the market as investors trimmed their exposure to growth and technology names. Bitcoin remains below its cycle high of around $126,000, with a significant contraction in its market value.
Margin-related selling has also added to the downward pressure, with some traders liquidating BTC to meet collateral calls. Weakness in major technology stocks has further weighed on market sentiment, making institutional investors more cautious and causing crypto to struggle for fresh momentum.