Bitcoin Price Crashes Below $70,000

· Key Event: Bitcoin's price fell sharply, dropping below the critical $70,000 support level.

· Market Loss: Approximately $120 billion was wiped from the total cryptocurrency market in 24 hours, triggering panic selling.

· Alleged Cause: The crash is being linked to sensational and unverified claims that the late, disgraced financier Jeffrey Epstein was Bitcoin's anonymous creator, Satoshi Nakamoto.

· Market Impact: The report caused a shockwave, introducing fears of reputational, ethical, and legal risks associated with Bitcoin's origins, leading to a rapid sell-off.

In short: Unverified allegations about Epstein's link to Bitcoin sparked a major sell-off, erasing $120 billion and pushing Bitcoin below $70,000.