Bitcoin price falls below $70,000.

Due to the pessimistic expectations of investors and continuous selling in the international financial markets, on the morning of the 5th, cryptocurrency prices further significantly dropped, with the price of Bitcoin falling below $70,000 for the first time since November 2024. According to the data from the cryptocurrency trading platform Coin Tiger, the Bitcoin price index dropped to a low of $66,835 in the morning of the 5th, with the largest decline in the past 24 hours reaching 9.74%. Prices of Ethereum, Solana, Binance Coin, and Dogecoin all experienced sharp declines. Analyst Marion LaBray from Deutsche Bank stated that the signals released by the market sell-off indicate that traditional investors are losing interest and the pessimistic sentiment towards cryptocurrencies is increasing. James Batfield, head of research at a UK cryptocurrency investment company, believes that $70,000 is a key psychological price level for Bitcoin. If this round number cannot be maintained, the price is likely to further drop to the range of $60,000 to $65,000.