Bitcoin Drops Below $70,000 as ‘Forced Deleveraging’ Accelerates
Bitcoin tumbled below $70,000 Thursday as negative momentum deepened across cryptocurrencies, driven by vanishing marginal demand and this week’s volatility in tech equities along with precious metals.
By Vildana Hajric, Emily Nicolle · Bloomberg Markets
Bitcoin tumbled below $70,000 Thursday as negative momentum deepened across cryptocurrencies, driven by vanishing marginal demand and this week’s volatility in tech equities along with precious metals.