Bitcoin跌破$72K, BTC-USD Weighs $71,540 as Global Markets Dive
Bitcoin plunged below $72,000, hitting as low as $71,540 in Asian trading on Thursday, the weakest level since November 6, 2024. The broader cryptocurrency market lost over $460 billion in value in the past week, with US-listed Bitcoin ETF flows choppy—$562 million net inflows on Monday followed by $272 million outflows on Tuesday. The decline extends a 42% drop from its October 2024 peak. Global markets experienced synchronized selling Wednesday, with the Nasdaq 100 down more than 2%, as cross-asset stress deepened. Analysts note a “crisis of faith” in Bitcoin’s role as a safe haven, with prices likely to test $68,000 if $72,000 does not hold.
EditorWong Mei Ling