Bitcoin Teeters on the Brink of $70,000 as Fed Nominee Sparks Crypto Rout
Bitcoin plunged to its lowest point since November 2024, flirting with a decisive break below the $70,000 support level. The sell-off, triggered by fears of a hawkish turn at the Federal Reserve, has erased nearly 20% of Bitcoin's value this year and intensified outflows from institutional ETFs.