Markets
Bitcoin trades below $65,000 after Wednesday’s decline
Bitcoin (BTC) struggled to stay above $65,000, after falling below $64,000 during U.S. trading hours on Wednesday. After briefly reclaiming $65,000, BTC has slipped toward the $64,500 mark, down about 1% from its 24-hour high. The CoinDesk 20 index is down about 2.4%. Wednesday’s rally halt followed a stock market sell-off, with the tech-heavy Nasdaq index down 2.7% and the S&P 500 down 1.3%. Joel Kruger, a market strategist at LMAX Group, said the crypto rally could stall if the stock market sell-off turns into a correction, but over a longer time frame it could provide a haven for investors fleeing stocks.