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Bitcoin’s price sell-off continued Thursday, with prices breaking below the widely-tracked $70,000 level on the OG crypto exchange Bitstamp.
BTC’s dollar-denominated price slipped to $69,101 during the Asian trading hours, trading a discount to prices on other exchanges, including Coinbase, where BTC hit a low of $70,002.
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The discount on Bitstamp likely stemmed from stronger selling pressure on the Robinhood-owned platform.
The global average price, tracked by CoinDesk, peaked above $126,000 in early October and has been in a downtrend since then. Some analysts expect further sell-off at least to $60,000, where prices may eventually bottom out.
BTC’s price on Bitstamp. (Bitstamp)