Bitcoin's price drop below $68,000 caused losses to over 75,000 traders.
Bitcoin failed to reach $70,500 and fell by more than $2,000 in an hour, dragging the entire cryptocurrency market down by $80 billion. Daily liquidated trading positions totaled around $170 million, affecting over 75,000 traders. After nearing $70,000, Bitcoin dropped to $67,500, its lowest since June 3.
Bitcoin broke the daily support of $68,800 and is approaching the weekly support at $66,000, where it may rebound. Tether's analysis suggests a potential drop.
Key support: $66,000
Current resistance: $70,200
