Markets

Bitcoin Slips Below $70,000 as Crypto Selloff Continues

All leading US stock market benchmarks declined on Feb. 5, as geopolitical tensions and tech-related weakness weighed on equities.
Bitcoin Slips Below $70,000 as Crypto Selloff Continues
Representations of cryptocurrency Bitcoin and the U.S. dollar, in this illustration on Aug. 10, 2022. Dado Ruvic/Reuters
Andrew Moran
|Updated:
0:00

Winter has arrived in the cryptocurrency market, as Bitcoin fell below $70,000 for the first time since October 2024 amid the industry’s selloff.

On the Chicago Mercantile Exchange, the price of one Bitcoin fell $4,910, or 6.67 percent, to $68,536 at 10:08 a.m. ET on Feb. 5.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."