MarketPR
$BTC surrendered the $65,000 level in a broad retreat that pulled top cryptocurrencies lower, according to Moomoo.
The move marks a breach of a closely watched price threshold for the world's largest digital asset by market capitalization.
The $65,000 Break Bitcoin's dip below $65,000 drew attention because round-number levels tend to concentrate both stop-loss orders and support bids, making their breach a signal traders watch closely.
When price cuts through such a level, the absence of immediate buying can accelerate the decline as automated orders trigger in sequence. The Moomoo report noted the pressure was not confined to Bitcoin.
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