Crypto Bears Extend; BTC < $70K as Tokens Fall; CD5 -3.4%, ETH -5%

Bitcoin extended weekly declines after a volatile weekend, testing and hovering below $70,000 as traders seek downside protection. The largest cryptocurrency fell 2.8% in the last 24 hours, though it remains well off its recent trough of about $60,000. The CoinDesk 5 Index (CD5) declined 3.4%, with all five largest cryptocurrencies down, and Ether (ETH) fell about 5% to $1,995, near $2,000 support. The broader CoinDesk 20 (CD20) index is down 3.7%.