Bitcoin fell below $70,000 for first time since November 2024
05.02.2026 15:24
Bitcoin fell below $70,000 on Thursday for the first time since November 2024 — the market remains in risk-off mode, and investors continue to reduce their positions in risky assets. According to CoinDesk, by 13:53 Kyiv time, BTC was down 3.3% and trading at around $70,244. During the session, the price briefly dropped to $69,869.
Pressure was intensified by flows from US spot ETFs. According to SoSoValue, a net outflow of $545 million was recorded on Wednesday. BlackRock's largest IBIT fund lost $373 million.
The fund for the sell-off is the narrowing of support from the “AI rally,” growing investor caution amid geopolitical uncertainty, discussions about the future trajectory of the Fed, and inflation remaining above target levels.
In January, Bitcoin fell nearly 11%, ending the month down for the fourth consecutive time. In 2025, the price had previously risen to a record $126,000 amid growing institutional demand and expectations of a more favorable White House attitude toward the crypto industry.
Теги: Bitcoin Переглядів: 114