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Cryptocurrency 5 February 2026

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 teetered just above $70,000 on Thursday, slipping over 3% in Asian hours to $70,052.38—its lowest mark since November 2024. Ether also dipped, down nearly 2% to $2,086.11. The crypto selloff deepened this week, with bitcoin shedding more than 7% and now off close to 20% year-to-date; ether has dropped nearly 30%. “The market fears a hawk with him,” noted Manuel Villegas Franceschi from Julius Baer. Deutsche Bank analysts pointed to U.S. spot bitcoin ETFs pulling more than $3 billion in January outflows, following around $2 billion and $7 billion in December and November, respectively.
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 slipped below $71,000 in Asian hours on Thursday as a renewed slide in global technology stocks bled into crypto markets, cutting short hopes that last week’s violent swings were settling down. The world’s largest token fell as much as 7.5% over the past 24 hours and touched lows near $70,700 before paring some losses, CoinDesk data showed. https://news.futunn.com/post/68459830/bitcoin-slips-below-71000-as-ai-driven-tech-rout
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