Bitcoin Falls Below $73,000 -- WSJ

Dow Jones03:28

By Vicky Ge Huang

Bitcoin fell below $73,000 on Wednesday, extending a decline that has dragged the world's largest cryptocurrency down 16% this year.

Bitcoin fell as low as $72,102, effectively erasing all gains made since crypto-friendly President Trump's election in Nov. 2024. It recently traded at $73,868, down more than 40% from an early-October peak above $126,000.

Ether, the second-largest cryptocurrency, hit a nine-month low of $2,077 before paring losses. The token recently hovered around $2,146 and is now nearly 57% off last summer's all-time high of $4,955.

The rapid declines in major cryptocurrencies has weighed on crypto treasury stocks that sold shares and borrowed money to stockpile digital currencies. Shares of Michael Saylor's bitcoin-accumulation firm Strategy fell 5.6% Wednesday. BitMine Immersion Technologies, an ether-treasury firm run by Wall Street strategist Tom Lee, sank 9%.

Investors and analysts say the crypto price declines correlate with a broader risk-off sentiment in the market, catalyzed by macroeconomic and geopolitical uncertainty. The downturn is being compounded by thinning liquidity and a marked slowdown in institutional demand for digital assets.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

February 04, 2026 14:28 ET (19:28 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment