"The bitcoin price slid to $69,000 in Asian trading Thursday as a deepening selloff in global markets spilled into crypto markets. The world's largest cryptocurrency fell as much as 9% over the past 24 hours, touching lows at $69,031 before trimming losses. Bitcoin price has now wiped out all gains since its previous $69,000 all-time high in 2021. BTC is now down nearly 30% over the past 12 months and about 45% below its October peak, according to Bitcoin Magazine Pro data."
"Bitcoin price's decline also reflected fading institutional demand. U.S.-listed spot bitcoin ETFs recorded net outflows of roughly $545 million on Wednesday, marking a second consecutive day of withdrawals. BlackRock's IBIT led the selling with about $373 million in net outflows. CryptoQuant research highlighted the reversal in ETF-driven demand. At this point in 2025, spot ETFs had purchased about 46,000 bitcoin on a net basis."
Bitcoin dropped to about $69,000 in Asian trading after falling as much as 9% in 24 hours, wiping out gains since its 2021 $69,000 high. BTC is down nearly 30% over the past 12 months and about 45% below its October peak near $126,000. The selloff coincided with sharp declines in Asian equities, including five losses in six sessions for MSCI's Asia technology index and a roughly 4% drop in South Korea's Kospi. Risk-off sentiment hit silver (down as much as 17%) and gold (down more than 3%). U.S.-listed spot bitcoin ETFs recorded net outflows, led by BlackRock's IBIT.
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