Bitcoin price whipsaws near $66,000 after flirting with $60,000 as risk trades unwind
Bitcoin fell 7% to $65,785 in premarket trading Friday after briefly touching $60,297, with about $1 billion in positions liquidated in 24 hours. Traders pointed to outflows from U.S. spot bitcoin ETFs and concerns over Kevin Warsh’s nomination as Fed chair. Ether also dropped.