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Bitcoin News 4 February 2026 - 5 February 2026

Bitcoin drops below $70,000 as Warsh Fed pick spooks crypto — and Stifel flags $38,000 risk

Bitcoin drops below $70,000 as Warsh Fed pick spooks crypto — and Stifel flags $38,000 risk

Bitcoin dropped below $70,000 on Thursday, hitting $69,858—its lowest since November 2024 and erasing gains made after Trump’s election win. The cryptocurrency is down nearly 8% this week and 20% for the year. Analysts cited tightening liquidity and forced liquidations. Stifel sees $38,000 as a possible downside target for 2026.
5 February 2026
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Bitcoin price sinks toward $70,000 as Trump-era rally fades and ETF money runs out

Bitcoin price sinks toward $70,000 as Trump-era rally fades and ETF money runs out

Bitcoin fell as low as $69,000 Thursday, its weakest level since November 2024, before recovering to around $71,000. Analysts cited tech-led selling in Asia, U.S. spot bitcoin ETF outflows over $500 million, and concerns about tighter liquidity under likely Fed chair Kevin Warsh. Ether hovered near $2,100 as investors shifted to gold and other safe havens.
5 February 2026
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XRP price dives 14% to $1.36 as bitcoin tests $70,000 — what traders watch next

XRP price dives 14% to $1.36 as bitcoin tests $70,000 — what traders watch next

XRP fell 13.78% to $1.36 Thursday, leading losses among major cryptocurrencies as trading volume reached $6 billion. The drop followed news of Kevin Warsh’s Fed chair nomination and large outflows from U.S. spot bitcoin ETFs. Bitcoin hovered above $70,000; ether slipped 0.7%. XRP’s PermissionedDomains compliance feature went live Feb. 4, while Flare launched a new FXRP lending platform.
5 February 2026
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Bitcoin price slides toward $70,000 as Warsh Fed chair pick keeps crypto on the back foot

Bitcoin price slides toward $70,000 as Warsh Fed chair pick keeps crypto on the back foot

Bitcoin dropped 6.7% to $70,666 in early U.S. premarket trading Thursday, while ether fell 6.4% to $2,087. The slide follows President Trump’s nomination of Kevin Warsh as Fed chair, fueling concerns of faster balance sheet reduction. U.S. spot bitcoin ETFs saw over $3 billion in outflows in January. Warsh’s nomination and a probe into Jerome Powell are ongoing in Washington.
5 February 2026
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IREN stock slides 17% ahead of earnings as bitcoin flirts with $70,000

IREN stock slides 17% ahead of earnings as bitcoin flirts with $70,000

IREN shares fell 17.4% to $44.94 Wednesday amid a sharp selloff in crypto and AI-linked stocks. Bitcoin touched $70,052 in Asian trading, its lowest since November, as investors braced for potential Fed tightening and ETF outflows. IREN will report quarterly results after Thursday’s close, with a conference call at 5 p.m. ET. Other bitcoin miners also posted steep declines premarket.
5 February 2026
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Michael Burry Warns Bitcoin’s Slide Could Spark a $1 Billion Gold-and-Silver Dump as $70,000 Nears

Michael Burry Warns Bitcoin’s Slide Could Spark a $1 Billion Gold-and-Silver Dump as $70,000 Nears

Bitcoin slid over 3% to $70,052 in Asian trading Thursday, its lowest since November 2024. Michael Burry warned further declines could force institutions to sell gold and silver, with up to $1 billion in precious metals liquidated recently. Analysts cited ETF outflows and tighter liquidity as key drivers. Ether also dropped, falling to $2,086.
5 February 2026
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Bitcoin Nears $70,000 Breaking Point as Liquidity Dries Up; Oil Slides on Dollar Strength

Bitcoin Nears $70,000 Breaking Point as Liquidity Dries Up; Oil Slides on Dollar Strength

Bitcoin fell over 3% in Asian trading Thursday, dropping to $70,052.38—its lowest since November 2024—while ether slid nearly 2% to $2,086.11. U.S. spot bitcoin ETFs saw $3 billion in January outflows. The dollar hit a two-week high as oil, gold, and copper prices declined on easing geopolitical tensions. Silver plunged nearly 15%. Thin trading conditions drove sharp price swings across markets.
5 February 2026
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Bitcoin nearing $70k squeezes Strategy (MicroStrategy) as crypto-hoarding trade frays

Bitcoin nearing $70k squeezes Strategy (MicroStrategy) as crypto-hoarding trade frays

Bitcoin fell over 3% in Asian trading Thursday, touching $70,052—its lowest since November 2024—and dragging down crypto-related stocks. Strategy (MSTR) dropped about 7% in early February, nearing its eighth straight monthly loss. U.S. spot bitcoin ETFs saw over $3 billion in outflows in January. Investors cited concerns over potential Fed tightening under incoming chair Kevin Warsh.
5 February 2026
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Bitcoin breaks below $71,000 as AI tech rout drags down crypto markets

Bitcoin breaks below $71,000 as AI tech rout drags down crypto markets

Bitcoin fell below $71,000 Thursday, hitting $70,129—its lowest since November 2024—as tech stocks slumped and nearly $770 million in crypto positions were liquidated in 24 hours. The broader crypto market lost almost $500 billion in a week, with bitcoin down 20% over that period. Thin liquidity and leveraged bets worsened the drop. Traders watched Alphabet’s capital spending and chipmaker AMD’s 17% plunge.
5 February 2026
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Bitcoin slides under $71,000 as AI tech rout spills into crypto, stoking fresh selloff

Bitcoin slides under $71,000 as AI tech rout spills into crypto, stoking fresh selloff

Bitcoin fell as much as 7.5% in 24 hours, dropping below $71,000 in Asian trading Thursday. The broader crypto market lost $467.6 billion in value since Jan. 29, CoinGecko said. Over $700 million in leveraged crypto bets were liquidated in the past day, according to CoinGlass. The declines followed a sharp selloff in global tech stocks.
5 February 2026
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IREN stock plunges 17% as bitcoin slides again, setting up a tense earnings read

IREN stock plunges 17% as bitcoin slides again, setting up a tense earnings read

IREN shares fell 17.4% to $44.94 in heavy after-hours trading Wednesday, tracking a 3.3% drop in bitcoin. Volume reached 66.2 million shares. A Jane Street filing disclosed a 4.7% stake in IREN days ahead of its earnings report, due after the bell Thursday. Other U.S.-listed bitcoin miners also declined.
5 February 2026
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Stock Market Today

Caterpillar stock price jumps 7% to $726 as Dow cracks 50,000 — what matters next week

Caterpillar stock price jumps 7% to $726 as Dow cracks 50,000 — what matters next week

7 February 2026
Caterpillar shares surged 7.1% to $726.20 Friday, driving the Dow above 50,000 for the first time. The move erased recent losses and followed insider selling by Group President Bob De Lange earlier in the week. Deere and CNH Industrial also gained as investors rotated into industrial stocks. Markets await next week’s U.S. jobs and inflation data.
Amazon stock slides as $200B AI spending plan meets cautious profit outlook

Amazon stock slides as $200B AI spending plan meets cautious profit outlook

7 February 2026
Amazon shares fell 9% Friday after the company announced plans for $200 billion in 2026 capital spending, mainly for AWS and AI, and issued a first-quarter profit outlook below estimates. The stock drop could erase $200 billion in market value. Fourth-quarter net sales rose 14% to $213.4 billion, while free cash flow declined due to higher spending on AI infrastructure.
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