Bitcoin extended its decline during Asian trading on Thursday, slipping below the closely monitored $70,000 level on Bitstamp.
The cryptocurrency dropped to an intraday low of $69,101 on the exchange, trading at a discount to prices on other major platforms. On Coinbase, bitcoin briefly touched $70,002 during the same period.
The price gap suggests stronger selling pressure on Bitstamp, which is owned by Robinhood, compared with other exchanges.
More broadly, bitcoin remains in a pronounced downtrend. CoinDesk’s global price index shows the asset peaked above $126,000 in early October and has trended lower since.
Some analysts caution that the sell-off may not yet be complete, with the $60,000 area emerging as a potential zone where prices could eventually find support.
