From Investing.com: 2024-04-13 16:00:24

Bitcoin plunged to $65,110 before bouncing back to $67,553, marking a more than 5% drop in 24 hours. On-chain data had hinted at increased volatility, with expectations rising from 59% to 71% in just two days, while key indicators had been signaling weakness since late March, urging caution as liquidations hit $920 million.

The recent market correction causing Bitcoin to dip below $66,000 has also affected the S&P 500 and gold prices. Market data indicates a transition to a euphoric phase, with profit-taking on the rise. Despite the current decline, Bitcoin remains 8.32% below its all-time high of $73,750, suggesting room for further price discovery.

Read more at Investing.com: Two Crucial Indicators Forewarned BTC Drop to $65,000 By U.Today