Bitcoin slips under $70,000 as crypto selloff picks up speed
The crypto market sell-off accelerated early Friday, pushing bitcoin below $70,000 and ether below $2,000. Large liquidations in the futures market show that many leveraged traders were forced to close positions, which can add pressure to prices.
Why it matters
- Bitcoin fell below $70,000 as the selloff gathered pace on Friday.
- Ether also traded below $2,000 during the same move.
- Large futures liquidations can intensify price swings and add volatility for leveraged traders.
What to watch next
Watch whether bitcoin can hold the $70,000 level or keeps trading below it as liquidations continue.
