Bitcoin Falls Below 66,000 USDT, Down 4.97% Over 24 Hours
Bitcoin dropped from $72,000 to about $65,500 within 48 hours as altcoins also declined and the total crypto market capitalization fell to $2.37 trillion during Friday trading.
BTC
USDT
Fact Check
The core facts of the claim—Bitcoin falling below 69,000 USDT, the market anxiety caused by negotiation deadlocks, and the significant drop in AI-related tokens—are confirmed by multiple reputable crypto news outlets (PANews and BlockBeats). The slight discrepancy in the 24-hour percentage (2.6% vs 3.17%) is typical for volatile crypto markets depending on the exact timestamp or exchange used for the calculation.
Summary
Bitcoin remained under pressure after falling below 66,000 USDT, with earlier OKX market data showing BTC at 65,984.9 USDT, down 4.97% over 24 hours. The latest update adds that Bitcoin slid from $72,000 to about $65,500 in 48 hours, while altcoins also fell and the total crypto market capitalization dropped to $2.37 trillion during Friday trading. Earlier reporting tied the selloff to a roughly $14 billion options expiry and continued ETF outflows, even as whale wallets kept accumulating BTC in March.
Terms & Concepts
- USDT: Tether, a U.S. dollar-pegged stablecoin widely used as a quote currency in crypto trading pairs.
- ETF: An exchange-traded fund, a regulated investment vehicle that can track assets such as Bitcoin and trade on stock exchanges.
- whale wallets: Crypto wallets associated with very large holders whose buying or selling activity can influence market sentiment and liquidity.