'Groundhog Day' in Crypto as Bitcoin Again Plunges Following New Record
Summary
Bitcoin's price briefly surged to a new all-time high of $70,136, surpassing the previous record of about $69,200. However, the price quickly fell more than 3% to as low as $66,500 within an hour. The rapid decline was due to nearly 1,000 BTC of sell orders on Binance and OKX, worth approximately $70 million, which created a resistance for further gains once bitcoin exceeded $70,000. This drop was less severe than the one earlier in the week when the price fell as much as 14% after reaching a new record high.
