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 sank as low as $72,096.20 on Wednesday, marking its second consecutive day breaking below the $73,000 level.

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

Software stocks are thought to be facing an existential threat from the rise of AI, and Bitcoin, noted one analyst, is just open-source software.

Bitcoin fell below $73,000 on Tuesday as investors sold the asset to hedge against heightened geopolitical and economic uncertainties.

Bitcoin has pushed deeper into bear market territory amid its latest sell-off, with the crypto down 37% from its October all-time high.

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.

The price of bitcoin fell about 10% over the past week.

Bitcoin contributors appear in new Epstein files release. The late sex offender tried to steer early development. Epstein indirectly funded Bitcoin Core developers in 2015.

Bitcoin crashed to the $70,000 price level in the early hours on Jan. 5 as the leading cryptocurrency lost more than 7% in value within the last 24 hours. The price crash is the worst since early November 2024. The total crypto market cap fell 6% in 24 hours to $2.5 trillion at the time of writing.