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