• Bitcoin stabilizes after overnight crypto rout, bouncing to $66,000 Bitcoin fell to $64,270 shortly after midnight UTC before rebounding to $66,300, as thin liquidity amplified moves tied to U.S. • tariff plans and geopolitical tensions. • What to know: Bitcoin slid to $64,270 from $67,700 shortly after midnight UTC before recovering to $66,300, mirroring a dip and partial rebound in S&P 500 futures. • Gold rose to its highest since Jan. • 30 as President Donald Trump outlined new 15% global tariffs and U.S.-Iran tensions boosted demand for haven investments. • SOL and SUI fell 7%-8% in thin liquidity, contributing to $270 million in altcoin liquidations, though several tokens pared losses during European hours.
Article Summaries:
- Bitcoin fell to $64,270 shortly after midnight UTC before rebounding to $66,300, reflecting a brief dip and partial recovery that mirrored movements in U.S. equities. The rally came amid thin liquidity that amplified price swings tied to President Donald Trump’s announcement of new 15 % global tariffs and heightened U.S.-Iran tensions, which also drove gold to its highest level since January 30. Altcoins suffered a sharp sell‑off, with Solana (SOL) and SUI dropping 7‑8 % and contributing to $270 million in liquidations. Bitcoin’s implied volatility index rose 9 %, and put options at $58k‑$62k saw increased demand, underscoring lingering downside fears.
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