An attendee in front of Bitcoin signage on the exhibition floor during the Plan B Forum Bitcoin conference in San Salvador, El Salvador, on Jan 30, 2026. (Photo: Bloomberg)NEW YORK — Bitcoin tumbled below US$70,000 Thursday as negative momentum deepened across cryptocurrencies, driven by vanishing marginal demand and this week’s volatility in tech equities along with precious metals. The token dropped as much as 4.6% to $69,271 in early New York trading, hitting its lowest level since November 2024. The slide is accelerating even as gold and silver retreat from recent highs that had prompted speculative traders to pivot from digital assets. Bitcoin is down about 45% from its October high, as big buyers like exchange-traded funds (ETFs) and digital-asset Treasuries beat a retreat.

Source: Bangkok Post February 05, 2026 16:05 UTC