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.
109 Articles
109 Articles
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…
Bitcoin plunges below $70,000 as slide continues
Bitcoin tumbled through the key $70,000 level on Thursday as a slide in the world's largest cryptocurrency showed no signs of stopping. Bitcoin fell by as much as 3.8% to a low of $69,858, its weakest since November 2024, when Republican Donald Trump won the US presidential election, having signalled his intention to support crypto on the campaign trail. Bitcoin has already fallen nearly 8% for the week, taking its losses for the year so far to …
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