Bitcoin's Price Falls Below $70,000 Amidst Crypto Sell-Off and Mining Stocks Tumble
ByAinvest
Thursday, Feb 5, 2026 3:09 pm ET1min read
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Bitcoin slipped below $70,000, dropping to $69,100, while other cryptocurrencies like Ethereum and Solana also fell. Bitcoin mining stocks declined, with IREN, CleanSpark, Riot Platforms, and MARA dropping between 5-6%. The price of Bitcoin now sits near its prior cycle high of $69,000, set in November 2021. Analyst QCP attributed the decline to fears of war with Iran and the nomination of a "hawkish" Federal Reserve Chair candidate.
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