Bitcoin crashes below $70K as ETF exodus and Mt. Gox fears intensify

• Bitcoin price has dipped to under $70,000 for the first time since early April.
• Negative triggers include ETF outflows, corporate sales, and large on‑chain transfers.
• With macro and geopolitical volatility persisting, bulls may struggle to reclaim recent highs.

Bitcoin price dipped below the $70,000 mark early Tuesday, slumping more than 4% in the past 24 hours amid rising negative sentiment across the crypto market.

The losses intensified after Monday’s slide, which was due to fresh capital flight from exchange-traded funds and a market reaction to Strategy’s BTC sale.

Bitcoin dips under $70k amid $4 billion ETF outflows

Bitcoin’s retreat beneath $70,000 on Tuesday marks a notable deterioration in market confidence after the cryptocurrency reached intraday highs above $82,800 in April.

Since then, Bitcoin has struggled to recapture momentum amid a confluence of macroeconomic and geopolitical headwinds, including volatility in risk assets tied to the US‑Iran conflict.

The bellwether token dropped to about $71,300 on Monday before extending losses to dip below $70,000.

Per CoinMarketCap, the benchmark digital ...