Bloomberg Technology
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Bitcoin Crashes Below $70,000 as Collapse of Crypto Continues
Posted
February 5, 2026
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1:50Now PlayingBitcoin trades below $70,000 for the first time since November of 2024. A selloff has wiped out all of Bitcoin's gains since the election of President Donald Trump.
While earlier legs of the decline were driven by crypto-specific liquidations, the recent pressure is tied to wider cross-asset stress. Bloomberg's Muyao Shen reports.
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