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Crypto

Bitcoin Price Teeters on Trendline Support After Tech Liquidation Sparks Profit-Taking

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BTC
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The Bitcoin price has declined to $64,017 as tech-driven Nasdaq liquidations and rising Treasury yields triggered defensive profit-taking.

The leading cryptocurrency slid 2.49% over the last 24 hours, with daily trading volumes reaching $22.84 billion according to CoinMarketCap data.

Market sentiment has turned cautious due to Bitcoin's increasing correlation with high-growth technology shares.

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