🚨 Crypto Market Update! 🚨
Bitcoin (BTC) took a hit on Wednesday, dipping below $64,000 after an early rise above $66,000. The leading cryptocurrency dropped 2% within an hour, now trading at $64,000, down 0.5% over the past 24 hours.
Altcoins like Solana (SOL), Cardano (ADA), and Chainlink (LINK) also saw a 2%-4% decline. The CoinDesk 20 Index (CD20) fell 1.2%, with most constituents in the red.
This crypto dip coincided with a sell-off in U.S. equities. Nasdaq plunged 2.7%, and the S&P 500 fell 1.3%. Tech giant Nvidia (NVDA) dropped 6.5%, though it's still up 145% year-to-date.
Market strategist Joel Kruger suggests the crypto rally might stall if the stock market continues to correct. However, he sees potential for Bitcoin as a "flight to safety" asset and other cryptos for their innovation.
What are your thoughts on this market movement? Share in the comments! 💬