Markets

Bitcoin Slips Below $70,000 as Crypto Sell-Off Continues

All leading U.S. stock market benchmarks declined on Feb. 5, as geopolitical tensions and tech-related weakness weighed on equities.
Bitcoin Slips Below $70,000 as Crypto Sell-Off Continues
Representations of cryptocurrency bitcoin and the U.S. dollar, in this illustration taken on Aug. 10, 2022. Dado Ruvic/Reuters
Andrew Moran
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Winter has arrived in the cryptocurrency market, as bitcoin has fallen below $70,000 for the first time since October 2024 amid the industry’s sell-off.

On the Chicago Mercantile Exchange, the price of one bitcoin fell by $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."