Bitcoin falls below $70,000 for the first time in two months

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Bitcoin falls below ,000 for the first time in two months

Today, Tuesday, the price of Bitcoin fell below 70 thousand Dollarfor the first time in nearly two months, as concerns over the US-Iran war and the sale of a company raised "Strategic" The sudden decline of the digital currency on the weak market sentiment of the asset.

The decline of Bitcoin price rose 2.4% to $69,660 in early European trading, its lowest level since April 8. Other cryptocurrencies saw a general decline, with… "Ethereum"and"Solana"and other currencies.

Caroline Morone, co-founder of the company, said "Orbit Markets": "Geopolitical uncertainty, coupled with concerns about the company’s treasury outlook "Strategic"casting a heavy shadow on Bitcoin".

The company revealed "Strategic" On Monday, the subsidiary of investor Michael Saylor announced the first sale of Bitcoin since late 2022, disposing of about $2.5 million of the digital currency, in a symbolic move that is a departure from the excessive buying strategy that contributed to making the company one of the largest buyers of Bitcoin in the market.

Data collected by it shows "Bloomberg" That IndicatorsBitcoin trading in the US spot market saw net outflows for 11 consecutive days, a record, with investors withdrawing nearly $3.5 billion during the period.

Shaun McNulty, head of derivatives trading at the company, said: "Falcon X": "A confirmed daily or weekly close below $70,000 would indicate a structural shift and not just a market reaction."