Bitcoin slumped below $72,000, a level last seen 15 months ago, as a broad risk-off sentiment engulfed global markets on Thursday. The largest cryptocurrency is extending a downward spiral that has produced a 42% decline from its peak in October last year. Bitcoin came within a whisper of breaching $70,000 before recovering slightly to trade around $71,000 as of 9am local time in London. “The market is currently navigating a crisis of faith,” said Shiliang Tang, managing partner of Monarq Asset Management. Unlike equity markets, however, bitcoin and other tokens had already been sliding for months.

Source: Bangkok Post February 05, 2026 18:46 UTC