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.