Cryptocurrency Borrowers Face Reckoning as Bitcoin Falls Below $70,000

Saturday, Feb 7, 2026 8:24 am ET1min read
BTC--

Bitcoin's fall has left investors who borrowed billions against crypto in a precarious position. The cryptocurrency peaked at $126,000 in October but has since plummeted to around $70,000. Galaxy Research reported a record $73.6 billion in crypto-collateralized lending in November. Investors who borrowed against crypto may now face significant losses, as the value of their collateral has declined.

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