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Top Crypto News Today 1. **Bitcoin Plunges Below $60K, Rebounds Above $70K**: Amid global market volatility, Bitcoin hit a 16-month low of around $60,000 before surging 10% to reclaim $70,000, driven by tech stock recovery and precious metal rebounds. 2. **Crypto Market Sheds Nearly $2 Trillion**: The broader crypto sector lost $2T in value due to risk-off sentiment, heavy liquidations ($2.2B), and Trump tariff threats on China, impacting stocks and currencies alike. 3. **Bithumb Accidentally Distributes $44B in BTC**: South Korean exchange Bithumb mistakenly sent over $40B worth of Bitcoin as promotional rewards, causing a sharp selloff on its platform. 4. **Tether Aids Turkey in $544M Crypto Seizure**: Tether helped Turkish authorities freeze $544M in USDT linked to an illegal betting network. 5. **Bitcoin ETFs Attract $330M Inflows Despite Dump**: Spot Bitcoin ETFs saw $330M net inflows as prices recovered, showing investor confidence in long-term prospects amid volatility.
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