$70,000 could be in play for BTC, say analysts
Amid broad traditional market declines, crypto once again was the standout underperformer on Thursday.
Modest overnight declines in crypto turned into a major rout in the U.S. morning as the Nasdaq shed more than 2% and gold tumbled nearly 10% from an overnight record. But while both of those markets managed sizable afternoon bounces — the Nasdaq closing with a decline of just 0.7% and gold reclaiming the $5,400 per ounce level — bitcoin and the rest of crypto held not far from session lows. Bitcoin was trading just above $84,000 at press time. Losing almost 6% over the past 24 hours, bitcoin is on the brink of breaking below its two-month range, which could be a prelude to an even deeper pullback.
Other cryptos and related assets…
