Bitcoin traded for $68,674.29 on Monday morning, down 2.28% from its price a week ago of $70,279.32. The decline came despite U.S. markets being closed for Washington’s Birthday today. For context, the S&P 500 fell 1.28% over the past week, while the Nasdaq dropped 1.27%.

The Week’s Volatility Story

Bitcoin’s real drama unfolded Friday. On February 13, the cryptocurrency plunged to $65,799.71, its lowest point since early February, before staging a 3.93% recovery to $68,812. The selloff wasn’t isolated. News reports suggested a $6.9 billion crypto liquidation event may have preceded the drop, with Trump-linked World Liberty Financial (WLFI) showing stress signals five hours before the…