Bitcoin crashed to the $70,000 price level in the early hours on Jan. 5 as the leading cryptocurrency lost more than 7% in value within the last 24 hours. The price crash is the worst since early November 2024. The total crypto market cap fell 6% in 24 hours to $2.5 trillion at the time of writing.

Shares have retreated in Asia on heavy selling of technology stocks, while the price of bitcoin fell as much as 8%

Bitcoin suffered its latest bloodshed on February 4, dropping to almost $72,000 as various factors combined to trigger continued declines in the digital currency.

Bitcoin sank as low as $72,096.20 on Wednesday, marking its second consecutive day breaking below the $73,000 level.

SINGAPORE/LONDON, Feb 5 (Reuters) - Bitcoin was on the cusp of breaking below the key $70,000 level on Thursday as a slide in the world's largest cryptocurrency showed no signs of stopping. Bitcoin fell 2% in early European trade,

Software stocks are thought to be facing an existential threat from the rise of AI, and Bitcoin, noted one analyst, is just open-source software.

The price of bitcoin plummeted about 10% over the past week as investors stampeded out of the world's most popular cryptocurrency. Ethereum, the second-largest cryptocurrency, plunged even further, shedding nearly one-fifth of its value over the last week. Solana, another popular crypto coin, saw its price cut in half over that period.

Cryptocurrency markets fell as global equities and precious metals sold off, while bitcoin liquidations exacerbated downside moves.