Bitcoin must hold $70,000 or risk deeper slide: Experts say, ‘Caution rising among traders’

Bitcoin fell to its lowest level in more than six weeks as worries about the global economic outlook and money leaving US exchange-traded funds (ETFs) put pressure on the cryptocurrency market.

Bitcoin dropped as much as 3.3% to $72,643 in Singapore Thursday, its weakest since April 13. Second-largest token Ether fell more than 4% to $1,965, its lowest in almost two months.

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