Bitcoin slips below $64,500 amid global concerns; Dogecoin, Shiba Inu fall up to 4%
Bitcoin dropped 1.6% to $64,450, while Ethereum declined below the $2,650 level.
The downturn in global markets was fueled by ongoing conflict in the Middle East, with continued Israeli attacks in Lebanon adding to geopolitical uncertainty. Additionally, investors remain cautious ahead of key U.S. economic data releases this week, including the payroll report, which could influence the Federal Reserve’s decision on another interest rate cut in November.
«Bitcoin saw profit-booking after briefly reaching $66,000. It is currently trading at $64,500. BTC is struggling to break past resistance. As September ends, Bitcoin faces key resistance at $66,500, with support at $64,200,» said Edul Patel, CEO of Mudrex.
Vikram Subburaj, CEO of Giottus Crypto Platform, added, «Bitcoin has fallen sharply this morning and is trading below $65,000. Based on the liquidation heatmaps, Bitcoin may revisit the range around $61,000 to $63,000 before pushing further.»
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View Details»Among altcoins, Dogecoin (-3.4%), Cardano (-1.3%), Avalanche (-0.4%), Shiba Inu
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