Bitcoin’s Price Slips Below $70K, but GCOIN by Playnance Eyes $100M Milestone
The post Bitcoin’s Price Slips Below $70K, but GCOIN by Playnance Eyes $100M Milestone appeared on BitcoinEthereumNews.com.
Bitcoin’s price was heavily rejected at $76,000 a couple of days ago, and the correction accelerated today. The cryptocurrency is now trading below $70,000, sending the entire market sentiment to extreme fear. Major altcoins like Ethereum and Ripple’s XRP are also on the downside, both losing important support levels. Amid these dwindling market conditions, Playnance’s newly launched native token, GCOIN, is eyeing an impressive milestone. Bitcoin’s Price Corrects Heavily The leading cryptocurrency was trading at around $74,00 last Friday when the bears were able to intercept the movement and pushed it south toward $70,000 during the weekend. This happened after the most recent bombings that took place in the Middle East. The good news was that it was able to maintain this level, allowing for the buyers to return in force. The retaliation took place on Tuesday morning, when the BTC price exploded to a price that we hadn’t seen in around six weeks at $76,000. Source: TradingView As you can see on the chart, though, the momentum was anything but sustained. Although the price remained near the local highs on Wednesday, more volatility occurred in the hours leading up to the highly anticipated FOMC meeting. The US Federal Reserve announced that it wouldn’t change the interest rates – an entirely expected outcome. Unfortunately, the markets responded negatively, perhaps driven by rising geopolitical uncertainty, and BTC plunged to $71,000 almost immediately upon the announcement’s public release. Today, the price fell further, and it’s currently trading in the mid $69,000s. Most altcoins also suffered, as it can be seen in the heatmap below. Source: Quantify Crypto The entire thing resulted in more than $500 million in liquidated positions, as well as the broader market returning to a state of extreme fear. But it’s these conditions that can also serve well for…
Filed under: News - @ March 19, 2026 3:30 pm