Bitcoin drops below $69,000 as crypto selloff deepens

Selling pressure intensified across the cryptocurrency market over the past 24 hours, driving sharp losses among major digital assets as investor appetite for risk weakened.

According to CoinMarketCap data, Bitcoin fell 6.63% in the last 24 hours to $68,801.70, bringing its market capitalization down to $1.38 trillion and extending its seven-day and 30-day losses to 8.96% and 17.76%, respectively. Ethereum slid 5.75% to $1,933.33, BNB declined 6.32% to $634.80, Monero dropped 8.37% to $525.07, and Zcash fell 5.43% to $932.03. Losses also hit Bitcoin Cash, down 5.53% at $217.29, Bittensor, down 5.25% at $203.81, and Quant, off 3.89% at $158.53.

Gold-backed tokens also edged lower, with PAX Gold (PAXG) retreating 1.53% to $3,909.60 and Tether Gold (XAUT) slipping 1.59% to $3,906.59, while the CoinMarketCap 20 index fell 6.13% to 138.12 points. Analysts noted that Bitcoin’s drop below the $70,000 threshold has exacerbated broader downward momentum across the sector.