Bitcoin’s Slide Continues As Traders Eye Further Big Falls Ahead

• Bitcoin slid on Thursday and Friday, dipping more than 7% to under $79,000.
• Options show traders positioning for a potential decline to $70,000.
• The cryptocurrency tipped into a bear market this week, down more than 20% from its January peak.

Bitcoin’s selloff continued on Thursday night and Friday, falling more than 7% over several hours from above $84,000 to under $79,000, after the token entered a technical bear market this week.