Bitcoin (BTC) fell below $73,000 on Tuesday, briefly touching around $72,900, its lowest since November 2024. The token is down roughly 4% in 24 hours and about 15% over seven days, while Ethereum dropped 25% and XRP about 17% week‑on‑week. The sell‑off has widened across major cryptocurrencies.

On Tuesday, Bitcoin slid under $73,000 to a 2026 low of $72,945 as U.S. stocks fell ahead of a heavy earnings calendar. Year-to-date, BTC is down 15% and sits nearly 45% beneath its $126,267 record, after bulls failed to defend $80,000. Tech weakness and equity volatility added pressure while leverage-driven selling intensified across crypto markets.

Galaxy Digital CEO Mike Novogratz said in a Bloomberg interview he does not think "quantum computing fears" explain Bitcoin's drop below $74,000, the first break since November 2024. He attributed the move to a "seller's virus" and noted prices are set at the margin, with more sellers than buyers.

According to CryptoSlate data, Bitcoin trades near $78,000, more than 38% below October's peak above $126,000, while f2pool's Feb. 2 dashboard shows miner revenue around $0.034 per TH/day at roughly 890 EH/s. With hashrate down about 12% since last November and some operators redirecting infrastructure to AI, margins for many rigs have compressed to historical floors.

At 19:50, Bitcoin fell to $72,762, its lowest level since the 2024 US presidential election, extending a slide of over 40% from the October peak. Tuesday's decline broke the 2025 low of $74,424.95. Retail redemptions intensified as long‑term holders sold billions and ETFs saw November outflows, even with ongoing institutional participation.

On 3 February 2026, Bitcoin traded under $74,000 after the U.S. House approved a tight 217–215 procedural vote tied to a Senate-supported funding bill aimed at reopening the federal government. The total crypto market cap fell to about $2.5 trillion, with Bitcoin down roughly 6% in 24 hours and nearly 15% over the week as broader macro and political uncertainty kept risk appetite muted.

Bitcoin sank about 15% between January 28 and 31, then dropped roughly 10% on Saturday, forcing over $2 billion in long liquidations. On-chain and market-structure signals point to risks of a move toward the 200-week average near $58,000 and the realized price around $56,000. One analyst now sees a potential cycle bottom in the $54,000–$44,000 range.

VistaShares launched BTYB on the New York Stock Exchange, an actively managed ETF that primarily invests in US Treasurys while employing options to provide weekly income and Bitcoin-linked exposure. The fund targets approximately 80% in Treasurys and about 20% tied to BTC via a synthetic covered-call strategy.