Bitcoin crashes below $70,000 on Bitstamp

Markets

Share

Share this article

Copy linkX (Twitter)LinkedInFacebookEmail

Bitcoin crashes below $70,000 on Bitstamp

During Asian trading hours, BTC hit a low of $69,101 on Bitstamp.

By Omkar Godbole

Updated Feb 5, 2026, 6:31 a.m. Published Feb 5, 2026, 5:49 a.m.

Make us preferred on Google

BTC slides below $70K on Bitstamp

What to know:

• During Asian trading hours, BTC hit a low of $69,1010 on Bitstamp.
• BTC hit lows close to $70,000 on other exchanges, including Coinbase.

Bitcoin's price sell-off continued Thursday, with prices breaking below the widely-tracked $70,000 level on the OG crypto exchange Bitstamp.

BTC's dollar-denominated price slipped to $69,101 during the Asian trading hours, trading a discount to prices on other exchanges, including Coinbase, where BTC hit a low of $70,002.

STORY CONTINUES BELOW

Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

Sign me up

By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy.

The discount on Bitstamp likely stemmed from stronger selling pressure on the Robinhood-owned platform.

The global average price, tracked by CoinDesk, peaked above $126,000 in early October and has been in a downtrend since then. Some analysts expect further sell-off at least to $60,000, where prices may eventually bottom out.

BTC's price on Bitstamp. (Bitstamp)

BitstampBitcoin News