Bitcoin Slips Below $64,000 for Third Time This Week Amidst Market Volatility

Bitcoin has once again fallen below $64,000, marking its third such incident this week. The cryptocurrency's price dropped to a session low of $64,336 after failing to clear resistance at $65,500. This move was accompanied by a total of $100 million in liquidations within a single hour, with the majority of that amount coming from long positions.

The liquidations coincided with a sharp selloff in South Korean equities, with the KOSPI index dropping 8.02% to 6,213.51. This decline was triggered by a plunge in U.S. semiconductor stocks and marks the eighth circuit breaker of the year for the index.

The correlation between crypto and semiconductor equities has been evident throughout the year, with prices moving in tandem. The Federal Reserve's upcoming policy statement is expected to be a key catalyst for price swings, although its impact remains uncertain at this time.