The price of Bitcoin fell below $70,000 on February 5, down 44% from its October 2025 high of $126,210, as investors shift interest to gold and global economic concerns rise.
Earlier in the day, Bitcoin briefly touched $63,000 before closing at $70,000.
Last week alone, its value dropped more than $20,000, reducing it by almost a quarter.
Compared to four months ago, Bitcoin has now lost about half its peak value.
Analysts say investor interest in Bitcoin is waning, with growing pessimism surrounding the broader cryptocurrency market.