Bitcoin slips below $70,000 as crypto market sell-off triggers $329 million liquidations

Bitcoin slipped below $70,000 as the crypto market sell-off triggered liquidation of $329 million in leveraged positions. Nischal Shetty, Founder, WazirX, said that over the past 24 hours Bitcoin has traded near $68,355, while Ethereum has held around $1,982, with the broader crypto market continuing to attract steady interest from both retail and institutional participants.

• Instead, Bitcoin briefly declined toward $67,700, signalling that traders remain cautious despite what could otherwise be considered a supportive macro backdrop.
• According to the Weekly Market Research Report by Binance, geopolitical tensions in the Middle East rattled markets over the weekend, sending Bitcoin to $63K, but the asset quickly reverted, suggesting the market is watchful, not panicked.
• Among the major altcoins, BNB, XRP, Solana, Tron, Dogecoin, Cardano, and Hyperliquid fell over 4%.

Watch next: Instead, Bitcoin briefly declined toward $67,700, signalling that traders remain cautious despite what could otherwise be considered a supportive macro backdrop.