Bitcoin drops below $75,000, resetting price predictions for Ethereum and XRP
Bitcoin fell 2.4% to $74,546 and ether dropped 5.2% to $2,166 during Monday’s Asian session, as over $2 billion in leveraged crypto positions were liquidated. The selloff followed concerns over tighter U.S. policy and outflows from spot Bitcoin ETFs. Technical traders are watching support near $70,000 for bitcoin.