Bitcoin plunged below $70,000, erasing gains built since the 2024 election victory. The drop reflects a wider crypto slump and concerns that the Federal Reserve may shift policy, alongside notable outflows from Bitcoin ETFs. Weakness in the tech sector is adding pressure, while investors watch for possible forced liquidations among crypto miners.
Bitcoin fell to around $91,000 as escalating US–EU trade tensions sparked risk-off sentiment. Broader crypto prices stayed subdued, with liquidations moving through leverage-heavy positions. Analysts say the market is still consolidating in a wide range, and that the next major direction may hinge on macro data and policy cues rather than crypto-specific news.
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