#bitcoin
📉$BTC falls below $70,000: what's happening in the market?
This morning, the main cryptocurrency made traders nervous again. For the first time in a long time, the price of BTC broke the psychological mark of $70,000.
🔍 Key facts:
• Local bottom: On the Bitstamp exchange, the price fell to $69,101. Interestingly, Bitstamp traded at a discount to Coinbase, where the rate barely held at $70,002.
• Reason for the discount: Experts attribute this to abnormally high selling pressure on Bitstamp (now owned by Robinhood).
• Context: After a peak of $126,000 in October last year, Bitcoin is in a steady downtrend.
📉 What's next?
Analysts are not in a hurry to be optimistic yet. Many expect the decline to continue to the $60,000 zone — that's where most see the real "bottom" and support level where the price can consolidate.
