Bitcoin Breaks Below $70,000 as Liquidations Sweep Through Leveraged Longs

Bitcoin (BTC) fell below $70,000 late Thursday in the U.S. and kept sliding past midnight, touching $67,555 on Coinbase as forced selling swept through leveraged crypto positions. The first trade under $70,000 on Coinbase’s BTC-USD market came in the hour after 9 p.m. ET Thursday (02:00 UTC Friday), and the following hour closed below that level, according to Coinbase hourly price data. The low came in the hour starting at midnight ET. At 3:18 a.m. ET, bitcoin traded at $68,624 , down 6.7% over 24 hours and 9.4% over seven days, per CoinGecko data . That is about 15% below the roughly $80,760 it traded at on the afternoon of Oct. 29. Other major tokens also fell.

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