The price of Bitcoin, the world’s leading cryptocurrency, dropped sharply on Thursday, falling below the psychologically important $70,000 level for the first time in more than a year, as investors pulled back from risk assets and broader financial markets weakened.
Trading data showed Bitcoin dropping roughly 40 percent from its peak in Octoberes reaching levels not seen since late 2024. The decline occurs amid a global sell-off in technology stocks, reduced market liquidity, and declining demand for Bitcoin-related investment products, analysts said. Market strategists pointed to a combination of factors behind the downturn.
Bitcoin Falls Sharply, Breaking Key $70,000 Level Amid Broader Market Turmoil
