Bitcoin Price Crashes Toward $65K, Worst Daily Drop Since FTX Collapse

Bitcoin (BTC) is experiencing a sharp sell-off, with its price spiraling toward the $65,000 support level. This dramatic move puts the leading cryptocurrency on track for its most significant one-day percentage decline since the market turmoil following the FTX exchange collapse in November 2022. The sell-off has triggered substantial liquidations across the crypto derivatives market, amplifying the downward pressure. Analysts are closely watching key support zones as fear spreads through the market, with traders assessing the potential for further downside. This correction highlights the ongoing volatility in the digital asset space and renews focus on macroeconomic factors influencing investor sentiment.