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