Bitcoin bleeds for second straight day, nearly grazes $72,000
By CNBC
February 7, 2026, 3:42 PM EST
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(CNBC): Bitcoin drops over 5% to nearly $72,000, marking a second consecutive day of decline.
Bitcoin experienced a significant drop in value, almost reaching $72,000, down more than 5% in a day. This decline comes as the cryptocurrency is more than 40% off its record high last October. Various factors such as geopolitical tensions, economic challenges, and investor behavior are contributing to the negative trend in the digital asset’s value. This has also impacted related stocks like Strategy which was down 5% and digital asset mining companies like Riot Platforms and MARA Holdings which saw an almost 11% drop.
