Bitcoin Price Falls Below $70,000 After Crashing 21% This Week
Bitcoin value fell beneath the $70,000 mark on Tuesday, recording an intraday low of $69,922 on the time of writing. This transfer marks the primary time BTC has traded at this degree since November 2024, highlighting the depth of the continuing correction.
The decline was fueled by a mixture of macroeconomic bearish alerts and aggressive deleveraging throughout derivatives markets. Over the previous 24 hours, cascading liquidations reached roughly $451 million, amplifying promoting stress and accelerating losses.
With key psychological help now breached, Bitcoin’s value is more and more uncovered to additional draw back, with $65,000 rising as the following essential degree to observe if bearish momentum persists.
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