Bitcoin fell below $73.000 for the second time since April 2025, extending losses to 40% from its October peak while mining companies posted double-digit declines.
Bitcoin BTC $73 731 24h volatility: 1.6% Market cap: $1.47 T Vol. 24h: $74.11 B tumbled below $73,000 on Feb. 4, 2026, hitting twice its lowest point since April 2025, while publicly traded mining companies suffered steep losses as the crypto market correction deepened.
Bitcoin briefly touched $72,039 on Binance for the second time before recovering slightly to trade near $73,020 at the time of writing. That extends its retreat from October 2025’s all-time high above $125,500—a roughly 40% drop in just four months. Large holders sold more than 50,000 BTC over the past two weeks, creating steady selling pressure even as retail investors tried buying the dip.
Bitcoin / USD 4h | Source: Tradingview
Bitcoin Mining Sector Takes Steep Losses
Mining stocks took the hardest hit. Marathon Digital Holdings traded near $8.09, while Riot Platforms hovered around $13.52, CleanSpark fell to $9.94, and others posted drops of more than 10% in today’s session. Only the Phoenix Group in the United Arab Emirates has a 1% drop.
Mining profitability dropped to a 14-month low, squeezed by falling Bitcoin prices and elevated network difficulty. All these conditions are causing the hashrate reported on the Bitcoin network to drop as of June 2025, according to network data.
Top 10 largest public bitcoin miners by market capitalization | Source: Companiesmarketcap
Other crypto-exposed companies faced similar pressure. Strategy, formerly MicroStrategy, continued its slide despite CEO Michael Saylor‘s ongoing Bitcoin accumulation strategy. MSTR stock hit a 52-week low in late January and has struggled to recover. Unrealized gains on its Bitcoin treasury have shrunk below 10%.
Tech Selloff Adds to Crypto Weakness
Bitcoin’s decline came alongside falling tech stocks, adding to investor concerns. Software companies posted a bad day in the markets, fueled by AI worries, pulling down risk assets. Bitcoin has historically tracked tech equities, particularly the NASDAQ 100, making it vulnerable to sector-wide selloffs driven by Federal Reserve policy and interest rate fears.
Falling BTC prices and shrinking mining profits point to sustained pressure on the Bitcoin mining sector until network difficulty adjusts or prices stabilize above profitable levels for operators.
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