Commodities & currencyEconomic Times
Bitcoin crashes below $70,000, hits lowest since August
Negative-392 sources
GreyOak summary
Bitcoin fell below $70,000 to its lowest level since August, trading at $69,091.85. The decline was driven by institutional ETF outflows totaling $1.44 billion, persistent US inflation concerns, and expectations of higher interest rates. Ethereum also dropped below $2,000 as the broader crypto market entered extreme fear.
What it affects
- BitcoinNegative -39
Bitcoin fell below $70,000 to lowest since August.Rolling sentiment Negative -26
