Bitcoin Falls 8% to $66,800, El Salvador Moves $400M of BTC to Cold Wallet, Galaxy Digital Recommended as Core Holding: Crypto News

Bitcoin (BTC) experienced an 8% drop in 24 hours, falling to as low as $66,800 after reaching above $70,000 earlier in the week. The CoinDesk 20 index also fell 6%. Over $100 million in long positions were wiped out over 12 hours, and $167 million in longs were liquidated in 24 hours. El Salvador moved $400 million of bitcoin into a cold wallet, placing their holdings far higher than previously thought. Investment bank Stifel recommends Galaxy Digital (GLXY) as a core holding for equity investors looking to gain exposure to the digital asset ecosystem.