Bitcoin drops below $70,000 as crypto selloff deepens before U.S. equity market opens

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coindesk
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3 hours ago


What to know : Bitcoin fell below $70,000. Crypto and precious metals remain under heavy pressure, with the Fear and Greed Index at 11. U.S. equities are higher in pre market trading, with the Nasdaq-100 tracking QQQ exchange-traded fund up 0.22%.

Bitcoin fell below $70,000 as the crypto selloff deepened before the start of equities trading in the U.S.

The largest cryptocurrency dropped to as low as $69.917.20 according to CoinDesk data, with sentiment sliding further into "extreme fear." The Fear and Greed Index sits at 11, a level reached only a handful of times in the past

The selloff remains largely contained within digital assets and metals, as broader U.S. equity markets show resilience.

Gold fell more than 1%, slipping below $4,900 per ounce, and silver dropped over 10%, falling to under $80 per ounce.

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