Bitcoin dives over 5% to below $70,000 threshold

ISTANBUL

The price of largest cryptocurrency, Bitcoin, lost more than 5% on Thursday on a daily basis to see below $70,000.

Hovering between $69,510.21 and $74,279.23 on Thursday, Bitcoin price dropped by 5.16% to $70,120 as of 1100GMT.

On a yearly basis, Bitcoin lost around 15% while it dropped around 20% from the beginning of this year.

Another major cryptocurrency, Ethereum, lost 6% day-on-day to $2,170.