Bitcoin Dips Below $70K: Echoes of Gold and Silver's Fading Rebound?
Binance Fam! Today's Bitcoin market is flashing red, with BTC plunging below $70,000 for the first time since November 2024, trading at around $69,000—a staggering 45% drop from its October 2025 peak of $126,000.
cnbc.com
This sell-off mirrors the broader risk-off sentiment, amplified by tech stock weakness and a strengthening U.S. dollar. Meanwhile, gold and silver's brief rebound has fizzled: gold hovers near $4,900/oz after slipping 2%, and silver tumbles over 15% to $78/oz, snapping a two-day recovery.
reuters.com
As "digital gold," Bitcoin's correlation with precious metals highlights shared vulnerabilities to macro pressures like Fed hawkishness and geopolitical easing. Yet, this extreme fear (Fear & Greed Index at 11) often signals bottoms—past cycles show 30-50% corrections precede rallies.
coindesk.com
Value here? Accumulate dips on Binance for long-term upside, as institutional ETF inflows could rebound. Trade smart, HODL strong!
#BTCUpdate #Binance