The Royal Government of Bhutan has recently moved bitcoin to trading firms and exchanges, marking its first significant transaction in months as the cryptocurrency market experiences a downturn, with bitcoin prices dropping to nearly $70,000.

Bitcoin's price has fallen below $70,000 on Bitstamp, reaching a low of $69,101 during Asian trading hours, marking a significant downturn in the cryptocurrency market. This decline reflects ongoing volatility and investor concerns.

Congressional investigators are probing World Liberty Financial Inc. (WLFI) following reports of a $500 million stake from the UAE, seeking ownership records and payment trails related to the company's USD1 stablecoin, which played a role in a $2 billion transaction with Binance.

Silver's recent 17% plunge has reignited market behaviors reminiscent of past Bitcoin liquidations, as highlighted by Michael Burry's warning that falling crypto collateral could trigger further metal selling in a feedback loop.

Bitcoin's price has slipped below $71,000, driven by a worsening rout in AI-driven technology stocks, which has raised concerns among investors about the sustainability of recent gains in the cryptocurrency market. This decline follows significant losses in both Asian and U.S. tech shares, prompting a broader selloff of risk assets.

XRP has plummeted to $1.44, marking its lowest point since November 2024, driven by a broader risk aversion in the cryptocurrency market as Bitcoin also experiences significant declines. This downturn reflects ongoing volatility and uncertainty within the crypto space.

Bitcoin's price is trending downward, approaching the $70,000 mark, as on-chain data indicates a decline in demand and tighter liquidity conditions. Traders are also showing little expectation for near-term interest rate cuts by the Federal Reserve, contributing to the bearish sentiment in the market.

Kyle Samani, co-founder of Multicoin Capital, has announced his departure from the firm after nearly a decade, expressing confidence in the future of cryptocurrency while planning to explore new technological ventures. He will continue to serve as chairman of Forward Industries, a treasury company associated with Solana.

The Commodity Futures Trading Commission (CFTC) has announced a significant policy shift by discarding previous regulations related to prediction markets, a move that marks the end of a contentious legal battle with events-contracts firms. This decision reflects a broader reevaluation of the agency's stance on cryptocurrency and market regulations initiated during the Biden administration.