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Home Blockchain

Bitcoin loses $73K as US stocks sell off: Analyst says BTC price action is not ‘abnormal’

by DigestWire member
February 3, 2026
in Blockchain, Crypto Market, Cryptocurrency
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Bitcoin loses $73K as US stocks sell off: Analyst says BTC price action is not ‘abnormal’

Bitcoin fell under $73,000 as futures liquidations soared and worries over this week’s US corporate earnings triggered a stock sell-off. Will traders finally step in to buy “discounted” BTC?

Bitcoin (BTC) tumbled to a new 2026 low of $72,945 on Tuesday as bulls failed to hold the $80,000 level as support. Year-to-date, Bitcoin trades at a 15% loss and remains nearly 45% down from its $126,267 all-time high, raising investor concerns that BTC’s cyclical bull market may have reached an end.  

Rocky price action in US stock markets is an alleged driver of the selling across the crypto market. Since the end of Q4, 2025, investors questioned whether the costs associated with the artificial intelligence infrastructure build-out and the lofty fundraising and valuations were sustainable.

Investors fear that product demand and revenues may fall short of industry projections, and this souring sentiment is visible across the Magnificent 7 stocks, along with the S&P 500, DOW and NASDAQ, which are currently trading down 0.70% to 1.77%.

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