Bitcoin (BTC) plunged to a low of $65,708 in Asian trading Wednesday, down 6.4% in 24 hours, as the crypto sell-off accelerates against the backdrop of record global equity strength.
Ether (ETH) broke below $1,900 to $1,839, a 7.9% drop. Solana's SOL fell 9.0%, BNB lost 7.8%, and Dogecoin slid 8.3%.
Meanwhile, the MSCI All Country World Index set a fresh all-time high, driven by the AI rally. The Philadelphia Semiconductor Index surged nearly 6%, with Tokyo Electron and TSMC hitting new peaks.
The sell-off follows a week of bearish news: Strategy's first publicized bitcoin sale, a record spot bitcoin ETF outflow streak surpassing $3.2 billion, and a $739 million transfer from Mt. Gox to a new wallet.
BTC's $65,000 level is the key technical support. A break below could bring $60,000 into focus.