[MARKET UPDATE] Bitcoin falls under USD 70,000 for the first time since November 2024

Bitcoin's drop below USD 70,000 marks a significant technical level and a psychological barrier, reflecting potential bearish sentiment in the crypto market.

Newsquawk StaffPublished 5 Feb 2026, 11:47 UTCOn the live feed at 11:27 UTC — 3 more headlines followed before this page went public

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[MARKET UPDATE] Bitcoin falls under USD 70,000 for the first time since November 2024

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Context

This move could trigger further selling pressure as traders reassess their positions, particularly with the long-term trend now showing signs of reversal. Keep an eye on the implications for altcoins and broader risk sentiment, as this breakdown may influence investor behavior across other asset classes.

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