Bitcoin's price took a sharp dive, crashing below the $70,000 mark on the Bitstamp exchange during Asian trading hours, hitting a low of $69,101. This downward trend continued from the previous day, with prices breaking through the $70,000 threshold on the OG crypto exchange. The discount on Bitstamp compared to other exchanges, like Coinbase, where BTC reached $70,002, suggests stronger selling pressure on the platform. This sell-off follows a peak above $126,000 in early October, indicating a significant decline in the global average price, as tracked by CoinDesk. Some analysts predict further price drops, potentially reaching $60,000, where prices might stabilize.
