Bitcoin faces $70,000 risk as investors realize $2 billion in losses and US jobs shock deepens pressure

Over three days, Bitcoin investors locked in losses exceeding $2 billion, a period when exchange selling grew heavier and expectations increased that the US would raise interest rates. The price briefly fell under $75,000 on Friday after a steep decline in US technology shares carried over into digital assets. Spot trading on the cryptocurrency exchange Binance is currently characterized by sellers holding the upper hand, with such transactions involving immediate delivery rather than a later date.