Bitcoin’s latest selloff pushed the market through another key level when prices on Bitstamp slipped under 70,000 dollars, a level many traders watch as important psychological support. During Asian trading the BTC USD pair on the exchange fell as low as 69,101 dollars, noticeably cheaper than on other venues such as Coinbase, where the intraday low was about 70,002 dollars. The gap suggests much heavier selling on Bitstamp itself, which is now owned by Robinhood, and turned the platform into the focal point for the move.
Across the broader market the picture was one of grinding pressure rather than a single flash crash. CoinDesk’s composite price index showed bitcoin dropping to roughly 69,917 dollars at the weakest point, which pulled sentiment deep into the “extreme fear” zone. The widely followed Crypto Fear and Greed Index fell to 11, a reading that has only been seen a handful of times in past cycles and is usually associated with capitulation or very defensive positioning from traders.
The stress has not been confined to digital assets. Safe haven metals that often move with or against bitcoin depending on the macro backdrop were also under pressure, with gold slipping more than 1 percent to move back under 4,900 dollars per ounce and silver dropping more than 10 percent to trade below 79 dollars. At the same time United States equity futures showed mild gains and the Nasdaq 100 tracking QQQ fund was slightly higher in pre market trade, which underlines how concentrated the current pain is in crypto and metals rather than across the entire risk complex.
Bitcoin linked stocks extended the slide. Strategy, the largest listed holder of BTC, fell more than 5 percent and now trades close to 80 percent below its peak from November 2024, while other treasury style names such as Strive and Nakamoto dropped around 6 percent. Shares of major exchange operators also weakened, with Coinbase down about 2 percent and Bullish, the owner of CoinDesk, edging lower as well. Mining companies tied heavily to bitcoin’s price, including IREN, Cipher Mining, Riot, MARA Holdings and CleanSpark, were all in the red after already suffering double digit declines earlier in the week.
From a longer term perspective the break below 70,000 dollars continues a downtrend that began after bitcoin’s global average price topped 126,000 dollars in early October. Some analysts quoted alongside the move argue that the market may still have room to fall and point to the 60,000 dollar region as a possible area where this cycle could eventually form a durable floor. For now the combination of heavy selling on key venues like Bitstamp, extreme fear readings and weakness in related equities paints a picture of a market that is still searching for a clear bottom rather than one that has already found it.





































































































