#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 $69,530 as of February 5, 2026, marking a significant decline of nearly 6% on the day and hitting a 15-month low. The price briefly crashed below the critical $70,000 psychological support level for the first time since November 2024. This downward momentum is part of a broader "crypto rout" that has seen Bitcoin fall roughly 45% from its October 2025 record high of over $126,000.
Buy Bitcoin >>
Bitcoin Insights Today
-Massive Liquidations: Intense volatility triggered the forced liquidation of nearly 170,000 leveraged traders, with over $730 million wiped out in the past 24 hours.
-Institutional Retreat: Major buyers, including spot ETFs and digital-asset treasuries, have begun to retreat, contributing to vanishing marginal demand.
-Macroeconomic Pressure: Uncertainty regarding the Federal Reserve's next chair (following Jerome Powell's term ending in May) and volatility in tech equities have weighed heavily on risk assets.
-Mining Squeeze: Miners are facing severe pressure as current production costs are estimated at $87,000, well above the current market price of $70,000.
Buy Bitcoin >>
