Crypto Market Crashes Below $2.5 Trillion as Bitcoin Slides to $70,700 on Liquidation Wave

2026-02-05 - 09:45

The cryptocurrency market plunged below the $2.5 trillion mark on Wednesday as Bitcoin broke through the critical $72,000 support level, briefly touching $69,101 on Bitstamp before stabilizing near $70,700. The rout — which has now erased more than 40% from Bitcoin’s October 2025 all-time high of $126,000 — accelerated on a toxic cocktail of leveraged