The decline of cryptocurrencies continues, and Bitcoin is no exception. As of today, its price has fallen to $70,335, which marks a significant decrease of nearly 8% in the last 24 hours. This drop is a result of the global collapse of technology company stocks, which has also affected the crypto market.
Cryptocurrencies Under Pressure
The decrease in Bitcoin prices has been ongoing for several months. In particular, around the peak values in October 2025, when the asset traded at $126,080, Bitcoin has lost over 44% of its value. Experts believe that the market is experiencing a "crisis of faith," triggered by mass liquidations of trader positions.
Liquidations in the Futures Market
Moreover, data from CoinGlass indicates that over the last day, the liquidation volume in the futures market amounted to $838 million, and more than 172,000 traders suffered losses due to automatic position closures.
Expert Assessment of the Situation
Among the reasons for the price decline, experts highlight growing concerns regarding the state of the economy, particularly the pace of investment growth in artificial intelligence, which has led to increased volatility in the market. "Bitcoin is no longer trading on a single hype," notes Maya Vujinovic, CEO of FG Nexus Digital Assets.
At the same time, another popular cryptocurrency, Ethereum, has also experienced a significant drop and is trading at $2,090, with losses of 29% in the last week being the largest in the past 7 days.
Thus, today, February 6, 2026, investors find themselves in a difficult position, unsure whether this is a temporary correction or the beginning of a prolonged decline.
