Bitcoin fell below $70,000 early Thursday to a 15-month low as the selloff in tech stocks spilled into digital assets, piling pressure on cryptocurrencies. Bitcoin was nearing $70,000. The last time it fell to that level was November 2024.
Bitcoin slipped below $70,000 early Thursday, marking a 15-month low as the tech stock rout spilled into digital assets and piled pressure on the broader cryptocurrency market. Traders cited a shift toward risk-off assets as equities sagged. The move underscored how macro volatility is weighing on speculative assets.
Analysts said the spillover reflects a broader risk-off tone across markets, with crypto assets traders watching for further downside. If selling persists, liquidity could remain thin and volatility may stay elevated.
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