BTC $64,902.00 ▼ 0.98% ETH $1,822.44 ▼ 0.44% BNB $591.23 ▲ 0.35% XRP $0.9559 ▲ 0.45% SOL $71.54 ▼ 0.88% TRX $0.3049 ▼ 1.10% FIGR_HELOC $1.06 ▲ 1.02% HYPE $67.07 ▲ 2.56% ZEC $898.87 ▲ 4.87% XMR $498.30 ▼ 0.44% DOGE $0.0589 ▼ 1.58% LEO $9.15 ▼ 1.00% WBT $62.82 ▼ 1.44% LINK $9.23 ▲ 1.79%
10 Extreme Fear

Bitcoin falls below $70,000 and reaches three-month low on Sunday

Bitcoin falls below $70,000 and reaches three-month low on Sunday Image: BeInCrypto
Image via BeInCrypto.

Bitcoin fell below $70,000 and reached its lowest level in about three months on Sunday. Tom Lee and Changpeng Zhao each listed possible reasons for the selloff, including AI stock weakness and Anthropic's upcoming IPO. The reports also cite US spot Bitcoin ETF outflows. U.Today cited nearly $3 billion in net outflows, while BeInCrypto reported $1.91 billion over seven sessions. Liquidations and losses in ETH, XRP and SOL accompanied the drop.

Key points

  1. Bitcoin fell below $70,000 and reached its lowest level in about three months on Sunday.
  2. Tom Lee and Changpeng Zhao each listed possible reasons for the crypto market selloff.
  3. Both reports mention Anthropic's upcoming IPO as a possible factor in the selloff.
  4. Both reports cite net outflows from US spot Bitcoin ETFs during the selloff.
  5. Both reports mention AI-related stock or funding weakness as a possible driver of the decline.

Why it matters

Bitcoin's fall below $70,000 came with US spot Bitcoin ETF outflows and leveraged liquidations, a combination that affects crypto traders and fund investors.

What's unclear

The reports present the reasons for the selloff as possible explanations, not confirmed causes.
The reports give different figures for US spot Bitcoin ETF outflows, nearly $3 billion versus $1.91 billion over seven sessions.

Price context · BTC

At publication
$64,694.00
Now
$64,902.00
Change since
+0.32%
7 days · dashed line = publication

Sources · 3 publishers

U.Today Tier 2 First report
Tom Lee Reveals Three Possible Reasons Behind Crypto Market Crash
CoinGape Tier 2
Binance Founder CZ Points to Anthropic IPO as One Possible Reason for Crypto Crash
BeInCrypto Tier 2
What's Behind Bitcoin's Drop? CZ Points to 6 Possible Reasons

Coverage timeline

  1. First reported by U.Today
  2. Also reported by CoinGape
  3. CryptoVideos brief published
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error

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