Bitcoin Falls Under $70,000 Amidst Intensifying Crypto Selloff

Bitcoin has plummeted below the $70,000 mark as the cryptocurrency market faces heightened selling pressure prior to U.S. stock market opening.

The value of Bitcoin has dipped below $70,000 as the cryptocurrency sector experiences a significant selloff. This downturn is occurring just before the U.S. stock markets open, showcasing a stark contrast between the crypto realm and equities.

As investors brace for critical earnings reports, the traditional equity markets remain surprisingly resilient. Meanwhile, the atmosphere in the cryptocurrency and precious metals markets is characterized by "extreme fear," indicating widespread apprehension among traders.