BTC price drops below $70,000 as crypto selloff deepens
Bitcoin fell below $70,000 as the crypto selloff deepened before the start of equities trading in the U.S.
The largest cryptocurrency dropped to as low as $69.917.20 according to CoinDesk data, with sentiment sliding further into “extreme fear.” The Fear and Greed Index sits at 11, a level reached only a handful of times in the past
The selloff remains largely contained within digital assets and metals, as broader U.S. equity markets show resilience. Gold fell more than 1%, slipping below $4,900 per ounce, and silver dropped over 11%, falling to under $79 per ounce.
U.S. equities, by contrast, are slightly higher in pre-market trading. The Invesco QQQ exchange-traded fund (ETF), which tracks the Nasdaq 100 index, is up…
