Bitcoin breaks below $71,000 as AI tech rout drags down crypto markets
SYDNEY, February 5, 2026, 17:25 (AEDT)
- Bitcoin slipped below $71,000 amid a wave of selling in tech and other high-risk assets
- Analysts pointed to thin liquidity and leveraged bets as factors that amplified the drop
- Traders are focused on big tech earnings and central bank cues, searching for signs of a mood shift
Bitcoin dipped under $71,000 on Thursday amid a widening tech selloff that pushed traders to shed risk across the board. (CoinDesk)
The token dropped to $70,160, its lowest since November 2024, as investors shied away from soaring AI costs and offloaded crowded trades. Alphabet, Google’s parent company, forecasted capital expenditures between $175 billion and $185 billion this year. Meanwhile,…
