Bitcoin undercuts $70,000, falls to November 2024 levels. Stifel sees potential for a further drop. Clarity Act talks face ethics hurdle.

Cryptocurrency markets fell as global equities and precious metals sold off, while bitcoin liquidations exacerbated downside moves.

Crypto crashing as Bitcoin BTC USD price falls today: The crypto market is witnessing a significant downturn. Prices have plummeted, with Bitcoin and Ethereum leading the decline. Over $900 billion has been wiped out in just 22 days.

Bitcoin prices dropped to less than $75,000 on Sunday, February 1, reaching their lowest point since April 2025 as multiple variables combined to fuel losses.

Bitcoin sank below $70,000 on Thursday for the first time since November 2024, wiping out all of the gains it has made since Donald Trump was elected to his second term as US president. The world’s biggest cryptocurrency dropped almost 5 per cent to $69,

The price of bitcoin fell about 10% over the past week.

Bitcoin fell below $70,000 on Thursday as selling pressure in the cryptocurrency market intensified, even as U.S. stock markets showed signs..

The decline was exacerbated by leveraged trading, which resulted in forced liquidations speeding up the selloff.

In the worst case scenario, crypto miners could go bankrupt and the metals market could plummet if bitcoin keeps falling, Michael Burry said.

Bitcoin price BTC USD prediction: Bitcoin's outlook darkens as analysts foresee a potential drop to $38,000. Historical data shows significant past declines. Bitcoin's relationship with the US dollar has reversed since 2025.

In late trading Saturday, bitcoin, the ⁠world's largest cryptocurrency ‍by ‍market ‍value, sank below $79,000, down 6.1%. Ethereum slid about 9% to $2,445.31, while Solana lost 9.9% at $105.50.