Bitcoin Dips Under $71,000, Reaching Lowest Price Since October 2024

Bitcoin has dropped below $71,000, marking its lowest point since October 2024. Additionally, crypto stocks like Coinbase and Bitmine saw significant declines.

Bitcoin has fallen below the $71,000 mark, hitting its lowest valuation since October 2024. This downturn in the leading cryptocurrency's price reflects a broader trend affecting the crypto market.

In conjunction with Bitcoin's decline, stocks associated with the cryptocurrency sector faced losses on Wednesday. Notably, shares of Coinbase ended the day down by 6.14%, while Bitmine experienced a steeper drop of 9.17%.