Bitcoin Crashes Below $69,000 as $1.4 Billion Is Liquidated

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The slide has turned into a crash: Overnight into Friday, Bitcoin plunged below $70,000 and then below $69,000 within a few hours, briefly dipping under $68,000. On Friday morning, the largest cryptocurrency was trading at about $68,700 (about 61,700 euros), down almost 7 percent in 24 hours. Only on Thursday had Bitcoin slipped below $73,000, and now the August low of nearly $68,900 has given way as well. Ether has surrendered the $2,000 mark.

Prices at a Glance

The following table shows a selection of the largest crypto assets by market capitalization (excluding stablecoins), according to CoinGecko, as of Friday morning.

This time, Bitcoin itself took the hardest hit. The largest cryptocurrency lost more than 6.6 percent in 24 hours, with only Monero and BNB falling about as steeply, while Ether gave up almost 6 percent. Only LEO, the token of the crypto exchange Bitfinex, was slightly up. Over the week, Zcash leads the losers with a drop of more than 28 percent, followed by Bitcoin Cash at almost 22 percent and Monero at nearly 17 percent. The crypto market as a whole lost about 8 percent in a day, according to CoinGecko, and is now worth about $2.33 trillion (about 2.09 trillion euros). Bitcoin is now about 45 percent below its record high of about $126,000 in October 2025.