#Bitcoin BTC Price News & Insights Today 5-2-2026 - Technical analysis of #BTC, on market structure, key support and resistance zones. Video by More #Crypto Online.
Buy, sell, and store over 400 digital assets at one of Europe’s leading exchanges. Crypto trading and staking made simple!
Learn more >>
Bitcoin (BTC) is trading at approximately $71,078 as of February 5, 2026, marking a sharp intraday decline of roughly 2.81%. The market is currently experiencing significant volatility, with the price briefly plunging below the critical $70,000 support level earlier today to as low as $69,917. This downward movement is largely attributed to a broader "risk-off" sentiment in global markets, driven by heavy selling in technology stocks and jitters over U.S. monetary policy.
Buy Bitcoin >>
Bitcoin Insights Today
-Flash Crash Below $70K: Bitcoin fell below $70,000 for the first time since November 2024. Analysts noted that this move appeared driven by short covering rather than fresh buying, with sentiment sliding into "extreme fear" (Index at 11).
-Macro Economic Pressures: High correlation with a struggling software stock sector and uncertainty regarding Federal Reserve leadership—following the nomination of a new Fed chair—are weighing heavily on risk assets.
-Institutional Outflows: Spot Bitcoin ETFs recorded significant outflows in January, totaling over $3 billion, following a series of major liquidations in late 2025.
-Miner Capitulation: The current price of ~$71,000 is notably below the estimated $87,000 production cost for many miners, intensifying operational stress across the network.
Buy Bitcoin >>
