Feb 06, 2026 11:38:00

Bitcoin price falls below $70,000, down 44% from its peak in six months, reaching its lowest level since the inauguration of the second Trump administration.

The price of Bitcoin, the world's largest cryptocurrency, fell to $69,821 (approximately ¥10.94 million) at the start of trading in New York on Thursday, February 5, 2026 (local time), dropping below the $70,000 (approximately ¥10.96 million) mark for the first time in two years and three months. This represents a 44% drop from its peak and the lowest level since Donald Trump became president for the second time in November 2024.

Bitcoin Falls Below $70,000 as Market Faces a 'Crisis of Faith' - Bloomberg

https://www.bloomberg.com/news/articles/2026-02-04/bitcoin-falls-to-72-000-as-traders-navigate-a-crisis-of-faith

Bitcoin Booster's $12 Billion Loss Headlines Crypto's Worst Day Since 2022 Crash - WSJ
https://www.wsj.com/finance/currencies/strategy-earnings-fourth-2025-33688dab

Bitcoin briefly breaks below $61,000 as sell-off intensifies
https://www.cnbc.com/2026/02/05/bitcoin-price-today-70000-in-focus.html

The price of Bitcoin fell below $20,000 (approximately 3.14 million yen) in November 2022, around the time of the bankruptcy of FTX, a major cryptocurrency exchange , and has since continued to rise steadily until 2025.

In July 2025, it surpassed the all-time high of $120,000 (approximately 18.8 million yen).

Bitcoin price surpasses $120,000 for the first time, with further upward momentum - GIGAZINE

However, due to the impact of Trump's tariffs and other factors, the price has since entered a downward phase, falling below $100,000 (approximately 15.7 million yen) in October 2025.

The Bitcoin market plummeted, causing a historic liquidation of approximately 3 trillion yen, possibly due to President Trump's announcement of additional tariffs on China - GIGAZINE

The second Trump administration came into power at a time when Bitcoin was on the rise, and the recent drop below $70,000 marks the lowest level since the second Trump administration was formed.

According to Bloomberg, an economic newspaper, experts believe that if the $72,000 level cannot be maintained, it will likely fall to $68,000, or even to the lowest level reached in 2024. Supporting these predictions, the market price temporarily fell to $61,000.

According to news site CNBC, Deutsche Bank analyst Marion Labore said, 'We believe this strong selling trend is due to existing investors losing interest in cryptocurrencies and a general rise in pessimism.'