Bitcoin跌破$70,000 on Bitstamp, Trading at $69,101

Bitcoin continued its sell-off Thursday, closing below $70,000 on Bitstamp, hitting $69,101 during Asian trading hours. The price traded at a discount to Coinbase, where it reached $70,002. The stronger selling pressure on Bitstamp, which is owned by Robinhood, likely contributed to the wider spread. The global average price, tracked by CoinDesk, peaked above $126,000 in early October and has trended lower since. Some analysts expect further declines, with a potential bottom near $60,000.