BTC price drops below $70,000 as crypto selloff deepens

Bitcoin BTC$70,390.83 fell below $70,000 as the crypto selloff deepened before the start of equities trading in the U.S.

The largest cryptocurrency dropped to as low as $69.917.20 according to CoinDesk data, with sentiment sliding further into “extreme fear.” The Fear and Greed Index sits at 11, a level reached only a handful of times in the past

The selloff remains largely contained within digital assets and metals, as broader U.S. equity markets show resilience.

Gold fell more than 1%, slipping below $4,900 per ounce, and silver dropped over 10%, falling to under $80 per ounce.