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⛓️ Crypto🔴 Bearish

Bitcoin slides to $65,000 in weekend sell-off, with solana, XRP, dogecoin down 6%

CoinDesk|Shaurya Malwa||1 views
🤖AI Summary

Bitcoin dropped to $65,000 during weekend trading, erasing most gains from Wednesday's rally toward $70,000. The decline was accompanied by 6% drops in major altcoins including Solana, XRP, and Dogecoin, driven by hot producer price data and Nvidia's post-earnings decline affecting risk assets.

Key Takeaways
  • Bitcoin fell to $65,000, reversing most of Wednesday's momentum toward $70,000.
  • Major altcoins including Solana, XRP, and Dogecoin declined 6% during the sell-off.
  • Hot producer price data contributed to the broader risk asset decline.
  • Nvidia's post-earnings stock decline added pressure to cryptocurrency markets.
  • The weekend timing suggests reduced liquidity may have amplified the selling pressure.
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