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Bitcoin falls to ~$71,300, lowest in nearly 12 weeks

Bitcoin hit its lowest level in almost 12 weeks as Huang's exit and MSCI index removals added to risk-off sentiment.

Bitcoin (BTC/USDT)
$71,745 +13.7% · 3 mo
$62,716$75,056$87,39615 Aug29 Sep12 NovThis story
Daily candles (UTC). Source: Binance.

What we know

The Block reports bitcoin traded around $71,300, with ether, solana and XRP also lower. An analyst notes the 2025 low failed as weekly support, with a $65K retest possible. A trader argues open interest and short pressure mark a final violent leg down (opinion). Others call it a possible generational bottom.

Sources

@TheBlockCo

“Bitcoin has fallen to its lowest level in nearly 12 weeks, trading at around $71,300”

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By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.