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Full article on Yahoo Finance
Bitcoin Falls Below $72,000 as Market Faces a ‘Crisis of Faith’
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Why This Matters
Bitcoin has fallen below $72,000, extending a 42% decline from its October peak, as the market faces a 'crisis of faith' according to a managing partner of Monarq Asset Management.
Market Impact
Market impact analysis based on bearish sentiment with 90% confidence.
Sentiment
Bearish
AI Confidence
90%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
The world’s largest cryptocurrency is extending a downward spiral that has seen it shed more than 42% from its peak in October last year. Bitcoin fell as low as $71,540 in Asia trading Thursday. “The market is currently navigating a ‘crisis of faith,’” said Shiliang Tang, managing partner of Monarq Asset Management.
Original article published by
Yahoo Finance
on February 5, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.