Bitcoin Falls to 65,385, Lowest Since February, as Funds Shift to Stocks and IPOs

BTC-4.47%
According to CNBC, Bitcoin dropped to 65,385 on Wednesday, marking its lowest level since February, with a 2.3% decline. The selloff reflects a broader liquidity rotation, with capital flowing from crypto markets toward equities and alternative assets. QCP noted that stock market strength has attracted both crypto-native and traditional asset managers, with investors potentially redirecting funds from Bitcoin to private markets and major IPO projects including SpaceX, OpenAI, and Anthropic. Analyst Jonathan Krinsky of BTIG highlighted that Bitcoin needs to hold around 65,000, describing this level as the last major support before testing the year-to-date low of 60,000.
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