Bitcoin Plunges Toward $65,000 Level as Broad Crypto Sell-Off Wipes Out Weekly Gains

Bitcoin (BTC) experienced a significant price correction on February 23, dropping sharply toward the $65,000 support level. This sudden decline effectively erased all gains accumulated by the leading cryptocurrency earlier in the week. The downturn triggered a broader market sell-off, impacting the entire digital asset sector as investor sentiment shifted rapidly. Market data indicates that the price crash led to a wave of liquidations and panic selling across major exchanges, intensifying volatility. Other major cryptocurrencies, including ETH and SOL, followed the downward trend due to their high correlation with Bitcoin's price action. Investors are now closely monitoring key technical levels to see if the market can stabilize or if further downside is imminent.