Bitcoin falls 12% in a week, drops below key $70K level as ETF outflows accelerate

Bitcoin has fallen below $70,000, dropping nearly 12% in a week. This decline is driven by institutional selling and negative ETF flows. Major altcoins like Ethereum, BNB, and Solana also saw significant drops. Market analysts point to macroeconomic factors and investor sentiment as key influences. The crypto market capitalization has edged down, with fears of a crypto winter emerging.