Crypto Markets Sink As Bitcoin Suffers Brutal Weekly Loss

Bitcoin fell sharply on Monday, dropping below $80,000 for the first time since April 2025 as global markets moved into a risk-off mode. The cryptocurrency was trading near $77,500 early Monday after touching a low of $74,876, according to CoinMetrics.

The digital asset has declined about 12 percent over the past week, erasing more than $200 billion in market value, based on CoinMarketCap data.

Bitcoin is under pressure after a brutal week. Here's why https://t.co/eVYUvj7jpR

— CNBC (@CNBC) February 2, 2026

Analysts say the selloff tracked weakness in global equities rather than crypto-specific problems. U.S. stocks fell sharply on Friday, led by a steep drop in Microsoft shares following disappointing earnings, according to CNBC.

The decline was intensified by forced liquidations. More than $2 billion in bitcoin positions have been wiped out since Thursday, data from Coinglass shows.

Investment products tied to digital assets also saw $1.7 billion in weekly outflows, according to CoinShares.

Analysts cite geopolitical risks, falling tech stocks, and uncertainty over Federal Reserve leadership as key pressures on bitcoin prices.

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