Bitcoin slides under $71,000 as AI tech rout spills into crypto, stoking fresh selloff
NEW YORK, Feb 5, 2026, 01:03 EST
- Bitcoin fell as much as 7.5% over the past 24 hours, hitting lows near $70,700 in Asian trading
- The broader crypto market has shed about $467.6 billion in value since Jan. 29, CoinGecko data showed
- More than $700 million in leveraged crypto bets were liquidated over the past 24 hours, CoinGlass data showed
Bitcoin slipped below $71,000 in Asian hours on Thursday as a renewed slide in global technology stocks bled into crypto markets, cutting short hopes that last week’s violent swings were settling down. The world’s largest token fell as much as 7.5% over the past 24 hours and touched lows near $70,700 before paring some losses, CoinDesk data showed. Futunn
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