Bitcoin plummets below $70,000 after Powell remarks

Bitcoin Takes a Dive Below $70,000 Amidst Powell's Economic Remarks

In a notable decline, Bitcoin fell below the $70,000 threshold as selling pressure increased following comments made by Federal Reserve Chairman Jerome Powell in San Francisco. Despite traditional markets being closed, Bitcoin's movements remain a beacon for gauging risk sentiment in the financial landscape. This recent 2% drop in BTC suggests a tilt towards bearishness, amplified shortly after Powell's address.