Crypto: Bitcoin Price Erases 15 Months Of Bull Market Gains With $69k Comedown

Bitcoin selling pressure sparked a retreat below the 2021 bull market high, with lower BTC price targets still expected to be hit.

Bitcoin (BTC) fell below $70,000 on Thursday as suspicions over coordinated selling boiled over.

Bitcoin tumbles below 2021 highs for the first time since November 2024.

Gold and silver volatility spark copycat BTC price maneuvers as lower targets stay in play.

Market participants say that large entities are selling BTC on a schedule.

Data from TradingView captured new 15-month BTC price lows of $69,100 on Bitstamp during the Asia trading session.

The latest plunge marked Bitcoin’s first trip to the $60,000 range since early November 2024. In doing so, it sparked $130 million of crypto long liquidations over four hours, per data from monitoring resource CoinGlass.

Bitcoin moved in step with a flash reversal on precious metals.

Gold, which the day prior had seen a relief bounce to $5,100 per ounce, fell as low as $4,789 Thursday before again targeting the $5,000 mark.

Silver, meanwhile, gyrated between $90 and $73 per ounce as volatility stayed in control.

Source: CoinTelegraph