Why is Bitcoin Price Falling Sharply Today

Bitcoin price drops below $70K, losing $300M in an hour due to robust US employment data and GameStop share slump, impacting marmarket sentsentiment

Bitcoin drops below $70K, liquidating $300M in an hour amid strong US jobs data and GameStop selloff.

BTC's dominance rises to 53.69% as investors withdraw coins from exchanges, reflecting market retracement.

Crypto Fear & Greed Index falls to 77; market sentiment still "Greed" as CME BTC Futures Open Interest drops by 2.19%.

Bitcoin’s (BTC) price has fallen sharply in the last hour, dropping below the $70,000 support level. The steep decline can be linked to several factors, including robust US employment data and a decrease in GameStop’s share price, which has had a negative impact on the mood in the cryptocurrency market.

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