The Bitcoin price sell-off continued on Thursday, with prices breaking below the widely followed $70,000 level on the OG Bitstamp crypto exchange.
BTC’s dollar-denominated price fell to $69,101 during Asian trading hours, trading at a discount to prices on other exchanges, including Coinbase, where BTC hit a low of $70,002.
The discount on Bitstamp was likely due to increased selling pressure on the Robinhood-owned platform.
The global average price, tracked by CoinDesk, peaked at over $126,000 in early October and has been on a downward trend since then. Some analysts expect further sell-offs of at least $60,000, where prices could eventually bottom out.
