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Bitcoin Falls Below 71,000 USDT as 24-Hour Loss Reaches 3.71%

Bitcoin Falls Below 71,000 USDT as 24-Hour Loss Reaches 3.71%

According to Odaily, OKX market data showed Bitcoin dropping from below 72,000 USDT to 70,999 USDT, breaking the 71,000 level as its 24-hour decline widened to 3.71%.

BTC
USDT

Fact Check
The Odaily newsflash 485945 'BTC 跌破 71000 USDT，24H 跌幅 3.71%' confirms the exact figures: BTC at 70,999 USDT, breaking 71,000, with 24H decline of 3.71%, citing OKX. PANews independently corroborates the 70,999 USD price level at the same time. The earlier Odaily flash showing 72,000→declining is consistent with the timeline.
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Summary

Bitcoin extended its decline from below 72,000 USDT to below 71,000 USDT, with Odaily citing OKX market data showing the cryptocurrency at 70,999 USDT. Earlier, Bitcoin was reported at 71,954.3 USDT, down 2.62% over 24 hours; a later update showed the 24-hour loss deepening to 3.71%. A separate market alert also stated that Bitcoin fell below $71,000 but provided no additional timing, volume, or catalyst details. The move highlighted continued short-term selling pressure, and the break below the round-number 71,000 level underscored weaker near-term market sentiment.

Terms & Concepts
  • USDT: Tether, a U.S. dollar-pegged stablecoin widely used as a quote currency in cryptocurrency trading.
  • 24-hour loss: The percentage decline in an asset’s price over the previous 24 hours, commonly used to track short-term market performance.
  • Market sentiment: The overall mood of traders and investors, which can influence short-term price movements.