Bitcoin Price Crashes Below $70K as Post-Election Rally Evaporates in Market Sell-Off

The price of Bitcoin (BTC) has plunged below the critical $70,000 support level, completely wiping out the gains it had made following the recent U.S. election. The sharp downturn is attributed to a broad-based cryptocurrency market sell-off, characterized by traders liquidating positions at nearly any price. This bearish momentum has increased selling pressure across major digital assets, leading to significant losses. Market analysts point to a shift in investor sentiment and potential macroeconomic concerns as key drivers behind the sudden "sell at any price" rout, raising questions about the short-term trajectory for BTC and the wider crypto market.