Bitcoin drops below $70,000 as sell-off continues

Bitcoin

Bitcoin dropped below $70,000 on Thursday amid a broader sell-off of risk assets. The move, which happened around 6:27 a.m. ET, was the first time bitcoin fell below $70,000 since November 2024. Bitcoin was last trading at around $69,332 at 7:31 a.m. ET, according to CoinMetrics data. Some market watchers have suggested $70,000 is a key level to watch and a break below that could trigger more falls for bitcoin. James Butterfill, head of research at Coinshares, said $70,000 is a "key

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Bitcoin drops below $70,000 as sell-off continues https://www.cnbc.com - 05.02.2026 14:33

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Bitcoin drops below $70,000 as sell-off continues https://www.cnbc.com - 05.02.2026 14:33