On Feb. 5, bitcoin plunged 7% intraday, breaking below $66,000 and hitting $65,253 on Bitstamp, sparking fears of a retreat toward $60,000. The drop extended bitcoin’s weekly losses past 20% and marked a 30% correction from its mid‑January peak near $98,000. Market Impact and Liquidations The bitcoin rout intensified Feb. 5 as the flagship digital […]
Source: https://news.bitcoin.com/is-the-bottom-in-bitcoin-tests-65253-as-market-panic-takes-hold/