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Bitcoin drops below $73,000 in crypto sell-off

Bitcoin fell below $73,000 in a crypto sell-off, and options traders see rising odds of a drop under $70,000 by Christmas. Holders who bought recently sent large amounts of Bitcoin to exchanges at a loss.

Illustration: Layered paper shapes form a tall stack of gold coins in front of a row of red-lit monitors, seen at eye level.
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Bitcoin fell below $73,000 as a wider sell-off hit crypto markets. Solana, another major digital token, dropped to a three-month low during the same decline.

Dogecoin, a meme coin, traded at $0.068 on Wednesday after losing 2.88% on Tuesday. Bitcoin dropped 2.08% in the same session, so Dogecoin's fall was steeper.

Bitcoin$68,940down −17.05%over 1 month
$84,082$68,94314 Oct13 Nov

Prices by CoinGecko. Past moves say nothing about future ones.

Also in this story

Solanadown −24.36%1 month

Options are contracts that give traders the right, but not the obligation, to buy or sell an asset at a set price later. Options traders now put 31% odds on Bitcoin falling below $70,000 by Christmas.

Short-term holders, meaning investors who bought recently, moved 47,000 BTC onto exchanges at a loss. Exchange-traded funds, or ETFs, are funds that trade like shares. Money kept leaving Bitcoin ETFs, and ARK Invest trimmed its positions in Block and Bullish.

$1,000 in Bitcoin

Had you put $ into Bitcoin a month ago, it would be worth – now.

From the prices in the chart, before any fees or taxes. Not a suggestion to buy or sell.

GuideCrypto Fear and Greed Index today: how fearful or greedy the crypto market is

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This article is not investment advice. It was written by our automated newsroom from published reports and official statements, using only the facts in them, and not read by a person before it was published. Report a mistake

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