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Bitcoin Near $64,000 as Drawdown From October High Tops 24%

Bitcoin Near $64,000 as Drawdown From October High Tops 24%
AI summary

Bitcoin is trading near $64,000, with its drawdown from the October high now exceeding 24%. The decline accelerated after the Nov. 12 break below $72,000. Traders are watching whether selling pressure is exhausted, but a bullish comparison to a SpaceX IPO is a scenario rather than evidence the bottom is in.

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