BEARISH 72 CryptoSlate 3H ago · 1 min read 1 read

Bitcoin faces $70,000 risk as investors realize $2 billion in losses and US jobs shock deepens pressure

AI summary

Bitcoin holders realized over $2 billion in losses across three days as exchange selling intensified and expectations of a US rate hike rose. BTC briefly fell below $75,000 on Friday as a sell-off in US tech stocks spilled into digital assets, with selling pressure now dominating spot trading on Binance. Traders are watching the $70,000 level as the next downside risk if macro pressure keeps building.

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