Why did Bitcoin fall below $71,000 today?

The drop came as tech stocks slid on AI disruption fears, with traders worried that advanced tools could compress software revenues and margins. That sparked broad de-risking, tighter liquidity, and wider spreads. Crypto often tracks growth risk on days like this, so selling in tech spilled into Bitcoin as the bitcoin price today lost support.

How does a Nasdaq sell-off impact crypto?

During risk-off sessions, investors cut exposure across high-beta assets at once. That links crypto to growth stocks, especially when liquidity thins and volatility rises. As the Nasdaq sell-off accelerates, systematic strategies can reduce positions, which amplifies moves. The result is sharper swings in BTC that line up with the equity tape and dollar strength.

What are key levels for the bitcoin price today?

Traders are watching $70,000 as near-term support and $68,500 to $69,000 as a secondary zone. On rebounds, $72,500 to $73,500 is initial resistance, followed by $75,000. These areas reflect recent trading ranges and liquidity pockets. A daily close back above resistance would help stabilize tone after stock market news today turned risk-off.

Is it smart to buy the dip right now?

If you invest, consider small, staged buys with clear risk limits rather than a single entry. If you trade, use smaller size, wider stops, and defined invalidation levels while volatility is high. Avoid heavy leverage. Let price confirm by reclaiming resistance on solid volume. Stay data driven and follow stock market news today closely.

Global Market Insights

BTCUSD Today: February 05 — Tech Rout Drags Bitcoin Below $71K

ByDanny Kontos February 5, 2026February 5, 2026

In stock market news today, a tech-led sell-off swept through US assets as the bitcoin price today slipped below $71,000 during Thursday trading. The Nasdaq sell-off accelerated after fresh AI disruption fears hit software and IT services, spilling into crypto and metals. We see BTCUSD reacting to tighter liquidity and risk reduction across portfolios. For US investors, this move is more about positioning than narrative. We break down drivers, key price zones, and what could steady sentiment next.