Bitcoin Price Drops Below $70,000, 24-Hour Decline of 4.29%

News Editor

2026-06-02 06:56:26

Bitcoin fell below the $70,000 mark, trading at $69,980.3 on OKX, with a 24-hour loss of 4.29%, as reported by Odaily.

BitcoinBTCPrice Drop$70000USDT

According to OKX market data, Bitcoin (BTC) experienced a rapid decline during the Asian morning session on June 2, breaking below the psychologically significant $70,000 USDT level. The price hit a low of $69,980.3 USDT and has since been hovering around that level, resulting in a 24-hour cumulative drop of 4.29%.

The $70,000 mark had served as an important support point for recent Bitcoin price action, and its breach indicates increased selling pressure in the short term. Following the break, BTC showed signs of temporary stabilization, though the overall market tone remained weak. Odaily reported this flash news based on real-time quotes from OKX.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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