Bitcoin Drops Below $70,000

 The token fell as much as 10% Thursday to $65,344, the lowest since October 2024. 

The rout has erased nearly half of Bitcoin’s value since it reached a record four months ago 

and has spread to other tokens, related ETFs and companies like Strategy Inc. that hold vast sums of coins.

Bloomberg February 5, 2026 

https://www.bloomberg.com/news/articles/2026-02-05/bitcoin-drops-below-70-000-as-forced-deleveraging-accelerates


Today’s price action shouldn’t change your view about Bitcoin’s usefulness or lack thereof. 

If, like me, you consider the whole thing a delusion — BTC isn’t a medium of exchange, nor is it a reliable store of value — then you already knew that and the fact that we seem to be having a Wile E. Coyote moment isn’t information about the fundamentals. (There are no fundamentals.) 

Paul Krugman


70.000 dollar, drygt 5.000 dollar under dagens kurs, ses generellt som en viktig stödnivå för bitcoin, som kan bli avgörande för den fortsatta utvecklingen. 4 februari

https://englundmacro.blogspot.com/2026/02/bitcoin-dips-below-70000-for-first-time.html


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