Bitcoin has been steadily sold over the past 12 hours after trading higher earlier.It's down 0.7% on the day and is threatening the $65,000 level and last week's low of $64,924. Cracking that would leave it at a one-month low despite US equities hitting records.It may be an example of the worsening breadth in risk assets. The entire market rally has been carried by a handful of stocks -- mostly NVDA -- with the broader market lagging and the Russell 2000 at a one-month low.Bitcoin could also be a bellwether for weakness in equities more broadly. Bitcoin has failed several times to hold above $70,000 and would be vulnerable if there is a broad selling in equities or a turn lower in risk asset
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