Bitcoin, before rebounding
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Bitcoin is acting weird. The world’s most famous cryptocurrency has tumbled 44% from its October peak, falling below $70,000 Thursday for the first time in 15 months.
Crypto sentiment was hit as Gemini plans to close operations in several regions and cut staff, while spot bitcoin ETF flows turned negative.
The price of bitcoin fell about 10% over the past week.
BTC USD crash today: Why is crypto down today? Bitcoin price slips as Fed holds rates and geopolitics heat up. Bitcoin slid sharply as data turned risk-off. BTC dropped over 5% to $84,623, breaking below the 50-day and 100-day EMAs.