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.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
Notably, Aptos (APT) outperformed the market with a 24-hour gain of 11.72%, buoyed by increasing total value locked (TVL) across its ecosystem.<\/p>\n","protected":false},"excerpt":{"rendered":"
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 […]<\/p>\n","protected":false},"author":93,"featured_media":40379,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[14714],"tags":[6467,6602,6536],"class_list":["post-42824","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-crypto","tag-market-update","tag-news"],"acf":{"key_takeways":false,"youtube_vodeo_url":"","seo":{"title":"","keywords":"","description":"","canonical":""},"blog_banner_image":false,"blog_coin":false,"download_the_app":{"button_value":"","button_url":""},"twitter_card":{"twitter_title":"","twitter_description":"","twitter_link":""},"maturity_tag":"","post_author":false,"guest_author":false,"hide_toc":true,"select_disclaimer":"Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered investment\/financial advice from CoinSwitch. Any action taken upon the information shall be at the user\u2019s risk."},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/42824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/users\/93"}],"replies":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/comments?post=42824"}],"version-history":[{"count":2,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/42824\/revisions"}],"predecessor-version":[{"id":42827,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/42824\/revisions\/42827"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/40379"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=42824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=42824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=42824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}