Bitcoin Sinks Under $71,000: Crypto Market Turns Red Across the Board

2 hours ago 2

Rommie Analytics

Key Takeaways:

  • Bitcoin trading at $70,651, down 3.72% in 24 hours and 7.97% on the week.
  • $751.35M in total liquidations over 24 hours, 155,514 traders affected.
  • Fear and Greed Index at 31, deep in Fear territory, approaching levels last seen in February.
  • Ethereum holding just below $2,000 at $1,996, down 4.68% on the week.
  • Hyperliquid the only major gainer, up 23.54% on the week against the broader selloff.

Bitcoin is trading at $70,651 at the time of writing, extending the decline that began yesterday when geopolitical pressure from US-Iran tensions started feeding into crypto markets. The 3.72% drop over the past 24 hours pushed price below the $71,000 level.

The weekly picture is more telling than the daily move. Bitcoin is down 7.97% over seven days, a number that reflects not just yesterday’s drop but a sustained institution...

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