Bitcoin drops toward $69,000 as Saylor sale spooks investors while AI tokens buck the trend The price of bitcoin fell to its lowest since April 7 as Strategy’s sale dented sentiment, while AI tokens H and NEAR surged and DeFi TVL hit a 20-month low.
Bitcoin broke below $70,000 for the first time since April 7, with seven of the past eight four-hour candles closing red
AI tokens bucked the trend as Humanity Protocol (H) and Near Protocol (NEAR) advanced over 24 hours. DeFi is deteriorating, with total value locked across all protocols sliding to some $78 billion, the least since October 2024. Bitcoin BTC$69,304.97 fell to its lowest level since April 7 on Tuesday, breaking below $70,000 in a downswing that has accelerated sharply since Sunday.
Seven of the past eight four-hour candles have closed red, leaving the largest cryptocurrency down more than 2% since midnight UTC. The move was compounded by growing unease over Strategy’s (MSTR) bitcoin thesis after the largest publicly traded holder of the cryptocurrency sold $2.5 million worth of the token. That’s seen as a signal of potentially more sales after $30 million of BTC was transferred to a Coinbase Prime wallet last week.