Bitcoin Price Drops Below $70,000 Amid AI Token Surge

Bitcoin's price continued to fall on Tuesday, breaking below $70,000 for the first time since April 7. The largest cryptocurrency has been experiencing a sharp decline since Sunday, with seven of the past eight four-hour candles closing in red. This has led to a 2% drop in value since midnight UTC.

The downturn was exacerbated by concerns over Strategic's (MSTR) bitcoin thesis after they sold $2.5 million worth of the token. This sale has raised questions about potential future sales, as $30 million of BTC was transferred to a Coinbase Prime wallet last week.

However, not all tokens are following suit. Artificial intelligence-related tokens, such as Humanity Protocol (H), saw significant gains on Tuesday, rising 18% and continuing a remarkable 278% rally since May 28.