TSX:SU News 3 December 2025

February 5, 2026, 8:22 AM EST. Bitcoin briefly fell below the $70,000 mark for the first time since November 2024, hitting as low as $69,055 amid broad sell-offs in risk assets including U.S. tech stocks. Analysts highlight $70,000 as a critical psychological support level; failure to hold it could push prices to between $60,000 and $65,000, according to James Butterfill of Coinshares. Over $2 billion in crypto positions have been liquidated this week, intensifying downward pressure. Institutional demand appears to be reversing, with U.S. bitcoin ETFs turning net sellers in 2026. Bitcoin has also dropped below its 365-day moving average for the first time since March 2022, signaling further downside risks. The decline follows a steady bear phase since an all-time high above $126,000 in October, with other major cryptocurrencies falling even more sharply.