Bitcoin Price Falls Below $70,000 After Crashing 21% This Week

Bitcoin price fell below the $70,000 mark on Tuesday, recording an intraday low of $69,922 at the time of writing. This move marks the first time BTC has traded at this level since November 2024, highlighting the intensity of the ongoing correction.

The decline was fueled by a combination of macroeconomic bearish signals and aggressive deleveraging across derivatives markets. Over the past 24 hours, cascading liquidations reached approximately $451 million, amplifying selling pressure and accelerating losses.

With key psychological support now breached, Bitcoin’s price is increasingly exposed to further downside, with $65,000 emerging as the next critical level to watch if bearish momentum persists.

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