Bitcoin Slides Below $67,000 as Broad Crypto Selloff Deepens

A sharp crypto selloff hit markets early Wednesday, with Benzinga reporting that Bitcoin fell below $67,000 as concern over Strategy Inc continued to weigh on sentiment across digital asset markets.

Bitcoin Breaks Key Level in Morning Selling

Bitcoin touched approximately $66,730 during the early session. Ethereum slid to around $1,873, while Solana traded near $74.78. XRP fell to roughly $1.23 and Dogecoin dropped to around $0.09. The losses across major tokens reached as much as 5% on the day, reflecting broad-based pressure rather than isolated moves in a single asset.

Strategy Inc, the Nasdaq-listed firm known for its aggressive Bitcoin treasury strategy, remained a focal point for traders nervous about concentrated institutional exposure to the asset.

Also Read: What Is Strategy Inc and Why Does It Move Bitcoin Markets?

Analysts Flag Deeper Support Zones

Technical analyst CryptoCon flagged a bear flag breakdown in Bitcoin’s chart structure as a warning sign for further losses. According to the analyst, meaningful support sits between $38,000 and $43,000. A failure at that zone could expose the $25,000 to $30,000 range as the next significant floor.

CryptoCon also cautioned against reading short-term bounces as durable reversals. The broader halving cycle framework, the analyst noted, still points to a potential final low forming later in 2026.

Trader KillaXBT offered a similar assessment. In his view, Bitcoin likely faces an additional three to four months of downside pressure before a lasting bottom emerges. Despite that bearish posture, KillaXBT said he was actively accumulating spot Bitcoin at current prices. He also disclosed plans to close the final quarter of a swing short position, originally opened near $77,800, once Bitcoin reaches approximately $65,000.

Background: Bitcoin’s Volatile 2026 Trajectory

Bitcoin entered 2026 carrying momentum from the late 2024 post-halving rally, which pushed prices toward all-time highs above $100,000. The asset has since struggled to sustain those levels. Persistent macro uncertainty, shifts in institutional positioning, and concerns about leveraged corporate holders have pressured prices through the first half of the year. The halving cycle, historically a multi-year narrative, typically sees volatility persist well into the year following the supply cut event.

What Traders Are Watching Next

The $65,000 zone has emerged as the near-term line in the sand. A clean break below that level would likely accelerate stop-loss selling and bring the $60,000 handle into focus. For now, spot accumulators appear to be absorbing some of the selling pressure. Whether that demand is sufficient to slow the drawdown remains the central question heading into the rest of the week.

Read Next: Bitcoin Halving 2024 Explained