BTC Digital Ltd. shares faced downward pressure on February 5, 2026, despite a lack of company-specific news. A broad risk-off sentiment in the digital asset market drove the decline. Bitcoin’s price fell below the $70,000 threshold, marking its lowest valuation since late 2024.
Major cryptocurrencies including Bitcoin and Ethereum experienced price drops exceeding 7%. The market sell-off triggered large-scale liquidations of leveraged bullish positions. These liquidations wiped out hundreds of millions of dollars across the sector.
The negative sentiment heavily impacted crypto-related equities and mining firms. These companies maintain direct exposure to cryptocurrency price volatility.