US EditionBitcoin drops below $67,000 as sell-off intensifies and pessimism grows about the crypto’s function
Bitcoin dropped below $70,000 amid regulatory uncertainty and large ETF outflows, losing 23% this year, Deutsche Bank analysts said.
- On February 05, 2026, Bitcoin, the world's biggest cryptocurrency, traded under $70,000 for the first time since Donald Trump's November 2024 election, dropping as low as US$69,821.18 before recovering.
- Massive ETF withdrawals have accelerated bitcoin's decline, with U.S. spot bitcoin ETFs seeing outflows of more than US$3-billion in January amid regulatory uncertainty and fears around Kevin Warsh, nominee for Federal Reserve chair.
- Liquidations reached $1.03 billion over 24 hours as bitcoin fell over 8%, bitcoin ETFs posted $544.9 million and Ethereum ETFs $79.5 million in net outflows on Wednesday, while the Fear and Greed Index stands at 11.
- Analysts including Galaxy Digital warned that, without a clear catalyst, bitcoin could still revisit lower levels, as shares of bitcoin-treasury companies and miners declined further.
- The global crypto market has lost nearly US$1.9 trillion since early October, with analysts projecting a potential bottom in the low-to-mid $60,000 range amid continued sell-off and commodity pressure.
115 Articles
115 Articles
Bitcoin value drops to lowest level in a year
Bitcoin fell to its lowest level since US President Donald Trump’s second term began. The cryptocurrency is trading around $65,000, from an October peak above $126,000. The other biggest cryptocoins and the stock prices of crypto firms are also down. It is “one of the worst crises in the crypto industry” since the FTX fraud of 2022, The New York Times reported. Trump had promised to make the US “the crypto capital of the planet,” but a wider mar…
Bitcoin value plunges below $70,000, lowest since Trump’s win
SINGAPORE: Bitcoin plunged on Thursday, its decline accelerating amid weakening risk sentiment driven in part by volatility in precious metals and a broad selloff in tech shares. The world’s largest cryptocurrency fell to a low of $66,675.12, its weakest since October 2024, a month before Trump won the US presidential election, having signalled his intention to support crypto on the campaign trail. It was last down 6.5pc at $67,817. All told, th…
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