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Bitcoin price fell below the $70,000 mark on Tuesday, recording an intraday low of $69,922 at the time of writing. This marks the first time BTC has traded at this level since November 2024, highlighting the severity of the ongoing correction.
The decline followed a mix of macroeconomic stress and aggressive deleveraging across derivatives markets, intensifying downside pressure.
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Bitcoin Miners At Risk
Bitcoin’s move toward $70,000 places price action near a critical zone where mining…