Bitcoin drops to lowest level in over a year
Business
Bitcoin slid to around $71,700 this week—its lowest since November 2024—dropping over 18% in just seven days.
Ethereum and Solana took big hits too, each down roughly 7-8%.
The ripple effect hit crypto stocks like Coinbase and Robinhood, which lost around 7-8%, while mining firms also felt the pain.
Why is Bitcoin crashing?
Weak demand in the US (with fewer buyers on Coinbase) plus a stronger US dollar have made things rough for crypto.
When Bitcoin dipped under $72K, it triggered forced liquidations.
With global markets feeling jittery and investors watching US economic data, things could stay bumpy for a bit.