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Bitcoin slumps with key $70,000 level in sight
Bitcoin was on the cusp of breaking below the key $70,000 level on Thursday as a slide in the world’s largest cryptocurrency showed no signs of stopping. Bitcoin tumbled more than 3% in the Asian session to $70,052.38, its lowest level since November 2024. Ether , the world’s second-largest cryptocurrency, was similarly down nearly 2% at $2,086.11. A drop below $2,000 would mark the first time since May last year.The latest rout in cryptocurrencies has come hard and fast, which analysts say was triggered by the nomination of Kevin Warsh as the next Federal Reserve Chair, due to expectations he could shrink the ... (full story)
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From investinglive.com | Feb 5, 2026
Bitcoin is at the worst levels in 15 months as it breaks below $67K for the first time since October 2024. It's part of a swan dive since $90K on January 28. That's a harsh fall in a very short period of time. Since October 6 when Bitcoin hit $126K, it's down 48% in the worst drawdown in years. On the longer-term chart there isn't much support nearby. The ...
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