Bitcoin price drops below $70,000 for the first time since 2024
The price of the cryptocurrency Bitcoin briefly fell below $70,000 for the first time since November 2024. Experts believe this is a key level.
The price of the cryptocurrency Bitcoin briefly fell below $70,000 for the first time since November 2024. Experts believe this is a key level.
According to CoinDesk, on Thursday, the value of Bitcoin fell to $69,993, after which it briefly rose again above the $70,000 mark. Currently, Bitcoin is heading down again and is already trading at $69,200.
According to CNBC, some crypto experts consider $70,000 to be a key level to watch. They believe that breaking this level could trigger a further decline in Bitcoin.
The drop follows a major sell-off in U.S. tech stocks on Wednesday that has spread to cryptocurrencies. Precious metals remain volatile, with silver falling again on Thursday and gold under pressure.
Liquidations, where traders’ positions are automatically sold once BTC reaches a certain price, continue to weigh on markets. According to Coinglass, more than $2 billion in long and short positions in cryptocurrencies were liquidated as of Thursday this week.
Recall that at its peak in September 2025, Bitcoin was worth almost $125,000. It first broke the $100,000 mark in December 2024, and last fell below this figure in June 2025.
In the fall of 2025, Bitcoin fell below $100,000 and continued to fall. In December, the rate stabilized and rose to $93,000 .
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Bitcoin is no longer «digital gold»: the market votes with money. Why is the most popular coin getting cheaper and is it worth waiting for BTC to rise in price?
Bitcoin is no longer «digital gold»: the market votes with money. Why is the most popular coin getting cheaper and is it worth waiting for BTC to rise in price?
Bitcoin recovers after collapse: price is above $93,000 again
Bitcoin recovers after collapse: price is above $93,000 again
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