Cryptocurrency markets fell as global equities and precious metals sold off, while bitcoin liquidations exacerbated downside moves.

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.

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

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

The world’s most popular cryptocurrency has fallen nearly 20 percent in value since the start of 2026.

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 dropped to its lowest since Donald Trump retook the White House a little more than a year ago, erasing the gains registered by the bellwether digital asset since the election victory of the crypto-friendly US president.

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

Treasury Secretary Scott Bessent got into a yelling match with another congressman over the Trump family’s crypto company, during testimony on Capitol Hill.

Authorities say they are reviewing reports of a Bitcoin ransom note tied to the case of Today show host Savannah Guthrie's missing mother.