The price bitcoin is now seeing increased liquidation as it falls $-4500 or -4.96% and back below the $87,000 level. The price is currently trading at $86,960. That takes the price to the lowest level since April 22. The low for the year extended to $74,434 back on April 7. The price closed in 2024 at $93,381. The high price for the year extended up to $126,272.
Technically, the price is testing,- and now breaking – the 50% of the move up from the August 2024 low.
The NASDAQ index is now down -240 points or -1.05%. The S&P is down -0.80% while the Dow industrial average is down -0.55%.
The US debt market is finding buyers on flight to safety flows. The 10 year yield is now down -4.1 basis point at 4.09%.
In the forex, the AUDUSD is seeing risk-off bias. It is currently down -0.51% and back below its 200 day moving average at 0.64586. The price is testing the low price from October at 0.64398.