Bitcoin has recently experienced significant volatility, trading above its previous all-time high but facing repeated sell-offs each time it approached the $70,000 mark. As of the latest update, Bitcoin has extended its losses, down 2.50% at $67,666. In contrast, several altcoins are hitting new all-time lows, with $ETHBTC reaching another new year-to-date low. OTHERS/BTC is down 3.54%. The market dynamics suggest a potential breakout for Bitcoin once it surpasses the $70,000 threshold definitively.