Bitcoin Magazine Bitcoin Price Falls 14% in a Week to $65,000 as Weekend Selling Breaks Friday’s Low
Bitcoin price crashed about 14% over the past week and was trading near $65,200 on Saturday morning after sliding to about $65,000, according to Bitcoin Magazine Pro data. The move broke below Friday’s low of about $67,555 and marked the weakest level since mid-August, as weekend trading extended a selloff that has followed a stronger dollar and a fully priced December Federal Reserve rate hike.
A week ago, on Nov. 7, bitcoin was trading near $75,750. The decline steepened after Nvidia chief executive Jensen Huang resigned on Thursday, a shake-up that caused AI stocks to sell off which could potentially be responsible for sending bitcoin below $72,000. It slipped toward $71,000 by Thursday evening, then crashed to about $67,555 around midnight Eastern on Friday, its lowest level since August, before recovering toward $69,800 in the morning.
Source: Bitcoin Magazine
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