The bitcoin price slid to $69,000 in Asian trading Thursday as a deepening selloff in global markets spilled into crypto markets. The world’s largest cryptocurrency fell as much as 9% over the past 24 hours, touching lows at $69,031 before trimming losses. 

Bitcoin price has now wiped out all gains since its previous $69,000 all-time high in 2021. BTC is now down nearly 30% over the past 12 months and about 45% below its October peak, according to Bitcoin Magazine Pro data.

The move came alongside sharp declines in Asian equities. MSCI’s Asia technology index fell for a fifth time in six sessions, while South Korea’s Kospi dropped about 4% as major AI-linked names faced…

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