Bitcoin Falls Below $70,000 for First Time Since August

Bitcoin (BTC) crossed below the $70,000 mark late Thursday ET (Friday UTC) for the first time since August, extending a decline that has intensified over the current week.

BTC lost more than 3% in the prior session and was down more than 5% for the week at the time of the update. The daily and weekly figures track separate periods: the first captures one session, while the second reflects the broader week-to-date move.

Momentum indicators pointed to firm selling pressure even after reaching oversold levels. That reading accompanied the move below $70,000 and the weekly loss above 5%, showing that the downturn extended beyond the prior session. Bitcoin was still below the threshold when the update was published.

If Bitcoin closed the week lower, it would record a sixth consecutive week of losses. The streak had not yet reached six weeks at the time of the update; its completion depended on the final weekly close.