Bitcoin Nears $62K Breakdown as Volatility Looms

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Bitcoin stayed volatile while bulls tried to preserve support at local lows while stocks prepared for Micron forward earnings and digested Asia losses.

Bitcoin (BTC) stayed uncertain at Tuesday’s Wall Street open as US stocks responded to an earlier Asia tech sell-off.

Bitcoin bulls attempt to avoid a deeper drop below local lows amid risk-asset volatility.

Multiple factors are blamed for the current weakness and stocks reset, with Micron earnings due on Wednesday.

Rolling crypto liquidations pass $1 billion over 24 hours.

BTC price on the edge amid stocks volatility

Asia market weakness sparked two dips below the $62,000 mark on the day, with equities seeing major losses. The US reaction was less intense, with the S&P 500 and Nasdaq Composite Index down 1% and 1.3%, respectively, at the time of writing.

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