Bitcoin Falls Below $71,000 After 5% Daily Decline
The move marks a sharp intraday drop in Bitcoin, with the source stating the cryptocurrency fell under $71,000 and was down 5% on the day.
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Terms & Concepts
Bitcoin: The largest cryptocurrency by market value, traded globally on digital asset exchanges and widely watched as a benchmark for the crypto market.
Market correction: A short-term price decline after prior gains, often used to describe a notable pullback in an asset or broader market.