Bitcoin crashes below $70,000 on Bitstamp

Bitcoin's price sell-off continued Thursday, with prices breaking below the widely-tracked $70,000 level on the OG crypto exchange Bitstamp.

BTC's dollar-denominated price slipped to $69,101 during the Asian trading hours, trading a discount to prices on other exchanges, including Coinbase, where BTC hit a low of $70,002.

The discount on Bitstamp likely stemmed from stronger selling pressure on the Robinhood-owned platform.

The global average price, tracked by CoinDesk, peaked above $126,000 in early October and has been in a downtrend since then. Some analysts expect further sell-off at least to $60,000, where prices may eventually bottom out.

BTC's price on Bitstamp. (Bitstamp)