*Walter Bloomberg
*Walter Bloomberg|Feb 05, 2026 13:50
CRYPTO STOCKS SLIDE AS BITCOIN BREAKS $70,000 Crypto-related stocks fell sharply premarket after Bitcoin dropped 4.3% to about $69,456, its lowest level since November 2024. Bitcoin is now down nearly 8% this week and about 20% year-to-date. The selloff intensified after Donald Trump nominated Kevin Warsh as Fed chair, raising fears of tighter liquidity. Coinbase fell 5%, miners like Riot and Marathon dropped around 5–6%, and Strategy slid 7%. Bitcoin ETFs also fell more than 5%.(*Walter Bloomberg)
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