Bitcoin suffered its latest bloodshed on February 4, dropping to almost $72,000 as various factors combined to trigger continued declines in the digital currency.

Bitcoin's relative strength index has fallen below 30, signaling oversold conditions as the cryptocurrency trades near a key $73,000 to $75,000 support zone.

In the worst case scenario, crypto miners could go bankrupt and the metals market could plummet if bitcoin keeps falling, Michael Burry said.

Bitcoin prices dropped to less than $75,000 on Sunday, February 1, reaching their lowest point since April 2025 as multiple variables combined to fuel losses.

While no one has fond memories of the 2022 crypto winter — with the price of bitcoin falling 80% — the timeline was relatively brief, roughly one year from the blowoff top to the bottom. From there, bitcoin quickly doubled in price, rose through 2023, and ultimately hit a new record in early 2024.

Michael Burry warns Bitcoin breakdown could trigger cascading market risks.

The nomination of Kevin Warsh as Fed chair was the latest in a long line of hits absorbed by bitcoin in recent months.

Bitcoin has fallen 40% from its 2025 peak, now trading around $75,000-$77,000, signaling a broader cooling period in the crypto market. Over $2.5 billion in

Massive ETF inflows just hit 562 million as Ethereum and XRP bleed out. Get the Bitcoin price prediction that targets the next 100K breakout.

Bitcoin, as well as other alternative cryptocurrencies, experienced sharp price declines on Thursday and have yet to bounce back just one day later. Bitcoin fell to the lower $84,00 range yesterday and continued to slip into the early morning hours, hitting as low as $81,600.

Bitcoin (CRYPTO: BTC) traders are bracing for more pain after liquidations reached $704 million in a single 24-hour period.

Does the IMF ban Bitcoin reserves? No, but they strongly discourage it. Learn about the IMF's warnings on volatility, financial stability, and the El Salvador case study.