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I just checked the Bitcoin chart and saw that it's hovering around $74,600, quite close to the lowest point it hit over the weekend. The interesting thing is that this coincides with a massive sell-off in the stock markets, which seems to be dragging everything downward.
This isn't the first time we've seen this. When stocks plummet, the pressure also hits cryptocurrencies. Investors who suffered losses in their traditional portfolios are now looking to liquidate positions in Bitcoin and other digital assets to recover some of the damage.
The current price is around $74.21K according to what I saw recently, so we're in a tricky territory. If the sell-off in stocks continues, we could see additional pressure. We need to stay alert to how Bitcoin reacts in the coming hours.