Bitcoin’s price dipped to $67,000 on October 21, wiping out the gains from the past three days. The selloff continued this morning, with Bitcoin dropping further to $66,500 levels, driven in part by the 7% plunge in the Beijing Stock Exchange 50 Index. The key support level is now at $65,550, while resistance sits at $70,000.
Bitcoin mining stocks also faced pressure, except for TeraWulf (WULF), which rose 12% after pivoting to high-performance computing for AI data centers. The market pullback isn’t surprising, as Bitcoin had steadily climbed since dipping below $60,000 just 11 days ago, signaling a potential for a modest correction.
Notably, Aptos (APT) outperformed the market with a 24-hour gain of 11.72%, buoyed by increasing total value locked (TVL) across its ecosystem.
