Bitcoin drops below $71,000, hitting a new low for the phase! Market panic sentiment intensifies
Bitcoin prices continued to decline on Wednesday evening, breaking below the 71,000 USD psychological level, hitting a new low since October 2024, and risk asset sentiment rapidly spread to global markets. Data shows that in the past 24 hours, BTC has fallen about 7.2%, reaching a low of 70,894 USD; Ethereum also retreated to 2,091 USD, with a nearly 8% decline.
Kronos Research Chief Investment Officer Vincent Liu stated that Bitcoin lost its key support level after multiple failed rebounds, triggering a large-scale long liquidation. Meanwhile, the US stock market's tech sector declined, risk aversion shifted funds, and ETF outflows continued, collectively amplifying the downward volatility in the market.
View OriginalLast edited on 2026-02-05 05:17:47