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Bitcoin falls below $70,000, ending ‘Trump rally’ gains
Bitcoin dipped below $70,000, wiping out post-election gains as crypto markets weakened.
Bitcoin slid under $70,000 as global risk-off sentiment swept markets, erasing gains made since the 2024 U.S. election. The world’s largest cryptocurrency dropped to its lowest level since late 2024 amid broader tech stock weakness and leveraged crypto selling. Traders cited tighter liquidity expectations and heavy selling pressure. Ether and other major tokens also weakened as investors reduced exposure to risk assets.