Bitcoin Tumbles to $67K As Asia Begins Trading Day
Summary
Bitcoin's price dropped to $67,000 before recovering to $68,500 during Asian trading hours, with the CoinDesk 20 index falling 6%. Over $100 million in long positions were wiped out in the last 12 hours. Analysts attribute the pullback to a typical breather after sharp uptrends and uncertainties ahead of the mining reward halving. Despite the correction, strong demand for BTC calls suggests fleeting dips, with a prediction market giving a 38% chance of BTC closing above $70,000 by Friday.
