#binance #hype #zec #near
02/06/26 05:33 UTC-04

Bitcoin Falls Below $70,000 for the First Time in Two Months

Cryptocurrency Cryptocurrency
Cryptocurrency Bitcoin Falls Below $70,000 for the First Time in Two Months

Bitcoin dropped below the $70,000 mark for the first time in nearly two months amid concerns surrounding the conflict between the United States and Iran, as well as a rare Bitcoin sale by Strategy, according to Bloomberg.

Bitcoin declined by more than 3.5% to $69,796 during early European trading, reaching its lowest level since April 7. Digital assets broadly moved lower, with Ether, Solana, and other tokens also posting losses. By the time of publication, BTC had recovered above $70,000, though it remained under pressure.

“Geopolitical uncertainty combined with concerns about Strategy’s balance sheet is weighing heavily on Bitcoin,” said Orbit Markets co-founder Caroline Mauron.

On Monday, Strategy, led by Michael Saylor, disclosed its first Bitcoin sale since late 2022, selling approximately $2.5 million worth of BTC.

Another source of pressure for Bitcoin comes from exchange-traded funds (ETFs), which had originally helped drive the cryptocurrency’s rally following their launch more than two years ago.

Spot Bitcoin ETFs in the United States recorded a record 11 consecutive trading days of net outflows, with investors withdrawing nearly $3.5 billion during that period, according to Bloomberg data.

“A confirmed daily or weekly close below $70,000 would represent a structural shift rather than a reaction to headlines,” said Sean McNulty, Head of APAC Derivatives Trading at FalconX.

See also: "Bitcoin Continues to Fall! Will the $70,000 Support Level Be Broken?"

#Bitcoin (BTC) #Price drop

Editor: Yulia Krasnaya
Comments

Similar

07/06/26 15:46 UTC-04

Here’s Why Bitcoin’s 50% Drop Looks Minor Compared With What Some Altcoin Holders Have Endured

This week, Bitcoin fell to its lowest level of 2026, dropping to $59,100 per coin, and its price now sits just over 50% below the all-time high of more than $126,000 reached by the leading crypto asset. Meanwhile, a significant part of the altcoin market has suffered much sharper declines, with many well-known digital assets posting losses of more than 95% from their peak valuations.

06/06/26 05:41 UTC-04

Bitcoin Rebounds Above $61,000 After $1.6 Billion Sell-Off

Bitcoin rebounded above $61,000 on Saturday after briefly falling below the key $60,000 level, as traders assessed the fallout from a broad market sell-off triggered by stronger-than-expected US employment data.

06/06/26 03:55 UTC-04

Bitcoin Drop Below $60,000 Triggers $1.8 Billion in Liquidations in 24 Hours

During the night of 5–6 June 2026, Bitcoin briefly fell below the $60,000 mark, triggering large-scale liquidations in the derivatives market. According to CoinGlass, positions held by 349,549 traders worth a total of $1.81 billion were forcibly closed over the past 24 hours. The event became one of the largest liquidation cascades of the year and returned Bitcoin to levels last seen in October 2024.