Bitcoin’s downturn deepened on Thursday as the price slipped below the key $70,000 threshold on Bitstamp during Asian trading hours.
BTC fell to an intraday low of $69,101 on the exchange, trading at a discount to other major venues. On Coinbase, the lowest print over the same period was around $70,002.
The divergence points to heavier selling pressure on Bitstamp, the Robinhood-owned platform, relative to its peers.
On a broader basis, bitcoin remains locked in a downtrend. CoinDesk’s global price index shows the asset peaked above $126,000 in early October and has moved lower ever since.
Some analysts say the sell-off may have further room to run, with the $60,000 area emerging as a potential zone where prices could eventually stabilize.
