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Bitcoin Price Crash: BTC Falls Below $70,000 As $622 Million Liquidated
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
Bitcoin broke below $70,000 on Friday for the first time in months, sliding from a 24-hour high of $73,866 to a low of $68,943 on Binance before falling further to around $68,770, according to CoinGecko. That leaves BTC down 6.6% over 24 hours and 9.5% over the past week. The drop triggered a wave of forced selling. CoinGlass data showed $622 million in liquidations across exchanges in four hours, with $549 million coming from traders betting on higher prices and $72.46 million from short sellers. Ether fell 6% to $1,925.57, extending its weekly loss to 13.7%, while BNB dropped 6.9% to $631.89. Tether held its dollar peg. The selloff comes as markets reel from Jensen Huang’s resignation at Nvidia, rising odds of a December Fed rate hike and fresh tensions after President Trump ruled out a deal with Iran.
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