The move below the key price level came as rising geopolitical risk and selling by Strategy Inc. added pressure to the cryptocurrency market, according to the report.
Bitcoin fell below $70,000 after market sentiment was pressured by geopolitical risk and selling by Strategy Inc. The report identifies those two factors as the main drivers behind the decline. A drop below a round-number threshold such as $70,000 is often watched closely by traders because it can influence near-term market positioning and risk appetite, but the source does not provide additional figures or timing details.