Bitcoin Price Drops to $71,680, Hits New Low for This Bear Market
BlockBeats News, February 5th, according to HTX market data, Bitcoin fell to touch $71,680, hitting a new low in this round of bear market, and is now trading at $72,143, down 5.58% in the past 24 hours.
The cryptocurrency market has experienced intense volatility, with Bitcoin dropping 7% in a single day and trading volume significantly reducing. The Fear and Greed Index has entered the "Fear" zone, and a key technical support level is facing a test. The market is entering a consolidation phase, and investors need to be vigilant against short-term fluctuations and long-term risks.