The bitcoin price has dropped sharply, fueling fears a massive bitcoin price crash could be about to hit the crypto

Bitcoin (BTC-USD) prices may not stay in the tank for too long, if chart history is any indication. The insight: Bitcoin prices have fallen below their 200-day moving average for the first time since 2023.

As bitcoin dropped to its lowest price since 2024, investors flock to a new type of crypto investment linked to the hyperliquid platforms, HYPE ETFs.

This post was originally published on June 02 Bitcoin, which has struggled amid a surprise BlackRock sell-off, has dropped under the closely-watched $70,000 per bitcoin level. Sign up now for CryptoCodex—A free crypto newsletter that will get you ahead of the market The bitcoin price collapse,

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Bitcoin price fell below $68,000 amid a mix of symbolic selling by Strategy, heavy ETF outflows, renewed Mt. Gox activity, and rising geopolitical tension tied to Iran–U.S. developments.

While U.S. stocks have kept notching record highs, bitcoin is sliding to its weakest level in months.

The weeklong sell-off was exacerbated after a stronger-than-expected May jobs report Friday sent yields higher and pressured risk assets.

I write about how bitcoin, crypto and blockchain can change the world. The bitcoin price has dropped toward $60,000 per bitcoin, down more than 50% since hitting an all-time high of $126,000 in October last year,