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riversedge

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3. Why has the price of bitcoin plummeted? Experts explain

Thu Feb 5, 2026, 05:06 PM

Feb 5

Bitcoin plunges to lowest level since October 2024

finance.yahoo.com/news/bitcoin...
— (@oceancalm.bsky.social) 2026-02-05T22:03:43.386Z

https://finance.yahoo.com/news/bitcoin-plunges-lowest-level-since-213013945.html?fr=yhssrp_catchall
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Why has the price of bitcoin plummeted? Experts explain

The decline of bitcoin deepened a days-long stretch of sharp losses stretching back to last week.

Ethereum, the second-largest cryptocurrency, also extended recent losses, shedding about 10% of its value on Thursday. Solana, another popular crypto coin, saw its price dip 11%.

Experts who previously spoke to ABC News attributed the recent decline in crypto prices to looming geopolitical and economic uncertainty, which has prompted a momentum-driven selloff as crypto holders raced to the exits. The initial drop likely forced some leveraged buyers to sell off their positions, intensifying the downward pressure, they added.

The labor market has slowed in recent months, while inflation has hovered above the Federal Reserve's target rate of 2%.

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Highlight:

Bitcoin drops 13%, breaking below $64,000 as sell-off intensifies, doubts about crypto grow [View all] riversedge Feb 5 OP

Critical stage tomorrow bucolic_frolic Feb 5 #1

Good - the sooner it goes away the better. walkingman Feb 5 #2

Why has the price of bitcoin plummeted? Experts explain riversedge Feb 5 #3

Posted this morning Wicked Blue Feb 5 #4

Digital Currency Modernization Act LiberalArkie Feb 5 #5

Tulip prices collapse... surfered Feb 5 #6

my doubts didn't grow. remained at zero. ret5hd Feb 5 #7

Zero is it's real value Progressive dog Feb 5 #8

Imagine that. moniss Feb 5 #9

I'm waiting for someone to say it's a great buy opportunity. Nt BootinUp Feb 5 #10

The BuytheDippers are swarming Prairie Gates Feb 5 #12

One reason to avoid crypto is that this could be market manipulation (nt) William Seger Feb 5 #15

how did crypto ever become a thing in the first place? cab67 Feb 5 #11

I wonder if it will implode completely especially since no government provides it with coverage for losses. cstanleytech Feb 5 #13

Never a doubt in my mind that crypto is just gambling (nt) William Seger Feb 5 #14

Locking. Dupe of https://democraticunderground.com/10143611851 GP6971 Feb 5 #16