Bitcoin lost support at 65K tonight and moved to the alternative. The local minimum was set below 63500.

The reasons are yesterday's fall in the stock market (Nasdaq 100 fell by 3.6% yesterday, and the S&P 500 by 2.31%). Interestingly, for the S&P 500 this is the first decline of more than 2% in a trading day since 02/21/2023. Nasdaq has not fallen like this at all since December 2022). So the fall of funds is not ordinary. Although, given the previous growth, it fits well within the framework of a normal correction. At the same time, stock indices still have room to fall. But now the S&P 500 is up 0.44%.

GrayScale predictably drains Ether. 135.6K ETH were sold yesterday.

But there is still 2.49 million ETH in the account 

The story is the same as with BTC-ETF. The consequences for the price of Ether depend on how other market participants buy back the drained Ether. Now ETH is below 3200, and the dominance index is almost 56.30%

The rest of the alts also sank, but there was no panicky drain. Anyone who is weak, unsure of their decisions and unable to follow a plan has basically already lost their assets. Those who continue to hold them after the events of the last 5 months are difficult to scare.

Now Bitcoin is trying to return above 65k

If you can do it now, that’s great. If it doesn't work, we'll do it later.