BTC claws back losses but remains trapped as crypto-equity divergence deepens
Summary
Bitcoin recovered 0.7% on Wednesday to around $67,000, but it remains at a key inflection point after falling 9.5% since Sunday. It is trading in the middle of a range seen from February to April, after failing to break above $81,000 last month. A drop below $60,000 could trigger liquidations and open a move toward $54,000, a major support area from 2024 and 2021. Ether rose 0.9% to about $1,870 after hitting its lowest level since February. U.S. stocks climbed to record highs, creating a growing divergence with crypto markets that have often moved together. AI-related tokens outperformed, with NEAR, RENDER, and FET each up about 9% after Tuesday’s broad selloff.
