The decline followed a broader deterioration in investor sentiment, with more than $550 billion reportedly erased from the cryptocurrency market since its October highs. Bitcoin’s latest weakness also raised concerns about whether the correction could deepen if institutional demand remains subdued.

Bitcoin Price Breaks Below $72K as Selling Pressure Intensifies

Bitcoin (BTC) fell to approximately $71,548, losing around 2.8% over 24 hours after retreating from an intraday high near $74,695. The decline followed a series of failed attempts to regain the $73,000 level, leaving the market vulnerable to further losses.

Bitcoin (BTC) price chart. Source: Brave New Coin

Trading activity showed BTC breaking below both $73,000 and $72,000 as…