Bitcoin price sinks more than 10% below $70,000 as Warsh Fed pick and ETF exits spook crypto
Bitcoin plunged 10.5% to $65,713 on Thursday, falling below $70,000 for the first time since late 2024. The drop followed heavy outflows from U.S. spot bitcoin ETFs and concerns over tighter Federal Reserve policy after Kevin Warsh was named Trump’s Fed chair pick. Crypto-linked stocks, including Strategy, also slumped. Ether fell 10% to $1,926.