Bitcoin crashes below $70,000 on Bitstamp
TL;DR
Bitcoin's price fell below $70,000 on Bitstamp during Asian trading, hitting a low of $69,101, with stronger selling pressure on that exchange compared to others like Coinbase. Analysts predict further declines potentially to $60,000.
What to know:
- During Asian trading hours, BTC hit a low of $69,1010 on Bitstamp.
- BTC hit lows close to $70,000 on other exchanges, including Coinbase.
- During Asian trading hours, BTC hit a low of $69,1010 on Bitstamp.
- BTC hit lows close to $70,000 on other exchanges, including Coinbase.
Bitcoin's price sell-off continued Thursday, with prices breaking below the widely-tracked $70,000 level on the OG crypto exchange Bitstamp.
BTC's dollar-denominated price slipped to $69,101 during the Asian trading hours, trading a discount to prices on other exchanges, including Coinbase, where BTC hit a low of $70,002.
The discount on Bitstamp likely stemmed from stronger selling pressure on the Robinhood-owned platform.
The global average price, tracked by CoinDesk, peaked above $126,000 in early October and has been in a downtrend since then. Some analysts expect further sell-off at least to $60,000, where prices may eventually bottom out.
