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Bitcoin Falls Below $73,000, Marking New Yearly Low

BTC dropped to $71,680 on HTX data, hitting a fresh bear-market low and extending its decline over 5% within 24 hours.

BTC

Summary

Bitcoin hit a new bear-market low of $71,680 on February 5, according to HTX data, before rebounding slightly to trade at $72,143. The cryptocurrency fell 5.58% in the past 24 hours, marking its sharpest short-term drop in recent weeks and surpassing its previous yearly low recorded since November 2024.

Terms & Concepts
  • BTC: Ticker symbol for Bitcoin, the world's largest cryptocurrency by market capitalization.
  • Yearly low: The lowest traded price of an asset within a given calendar year.
  • Bear-market low: The lowest price reached by an asset during a prolonged period of declining prices, typically characterized by pessimism and negative sentiment.