Bitcoin is recovering after an overnight selloff that saw the cryptocurrency dip below $65,000.
The overnight crypto rout reversed as bitcoin rebounded to $66,300, providing relief after whale selling triggered fear across the market.
Key Stories
- US Crypto Legislation: The Clarity Act is making progress as the stalemate over cryptocurrency legislation in the US begins to break.
- World Liberty Financial: The Trump-backed crypto project draws unwanted attention after ZachXBT teased an upcoming investigation report.
- Solana Hacks: Three Solana platforms are set to shut down following a devastating $27M hack.
- Vitalik Speaks: Ethereum founder Vitalik Buterin comments on Bitcoin as ETH extends losses.
- Bloomberg Analyst: Mike McGlone predicts the downward trend will continue unless Bitcoin breaks above $74,000.
The market remains volatile as AI scare trade unsettles risk assets.