Continue Reading
Full article on Yahoo Finance
Bitcoin Falls Toward $70,000 as XRP, Ether Also Drop. Why This Crypto Crisis Will Roll On.
Market Intelligence Analysis
AI-Powered
Why This Matters
Bitcoin's price has dropped to $70,039, its lowest level since November 2024, due to a selloff in tech stocks and AI investment fears, affecting the overall cryptocurrency market.
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.
Bitcoin was dropping close to $70,000, as the selloff in tech stocks spilled into digital assets and undercut hopes of a rebound in prices. The price of Bitcoin was down 6.3% to $71,476, hitting $70,039 at one point Thursday—its lowest level since November 2024, according to Dow Jones Market Data. The Nasdaq Composite index dropped 1.5% Wednesday after earnings from Alphabet and Qualcomm reinforced fears that AI investment may soon peak.
Original article published by
Yahoo Finance
on February 5, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.