Bitcoin tumbled through the key $70,000 level on Thursday as a slide in the world's largest cryptocurrency showed no signs of stopping. ADVERTISEMENTBitcoin has already fallen nearly 8 per cent for the week, taking its losses for the year so far to nearly 20 per cent. Ether, which was down nearly 2 per cent at $2,090, is down close to 30 per cent this year. This week's rout in global software stocks has accelerated the slide in the value of bitcoin, ether and other tokens. However, it is also an asset class that is heavily owned, particularly by retail investors, and hence adds to the overall market risk."

Source: The Telegraph February 05, 2026 13:44 UTC