Bitcoin Drops Under $70K: XRP Faces Significant Impact

Bitcoin's drop beneath $70,000 sparks a market downturn, with XRP experiencing the steepest decline among digital currencies.

Bitcoin has fallen below the key $70,000 mark, triggering a significant selloff across the cryptocurrency landscape that has wiped out over $1 billion in trading positions. Recent data from CryptoSlate indicates that the leading digital asset reached lows that have not been observed since the November 2024 elections, pulling the entire market down with it.

Ethereum also experienced a downturn, losing 7% of its value, settling at approximately $2065. This broader market decline highlights the volatility that often accompanies fluctuations in Bitcoin’s price, affecting various altcoins in the process.