{"id":2847,"date":"2026-02-04T22:34:26","date_gmt":"2026-02-04T22:34:26","guid":{"rendered":"https:\/\/finzexpert.com\/blog\/bitcoin-bleeds-for-second-straight-day-nearly-grazes-72000\/"},"modified":"2026-02-04T22:34:26","modified_gmt":"2026-02-04T22:34:26","slug":"bitcoin-bleeds-for-second-straight-day-nearly-grazes-72000","status":"publish","type":"post","link":"https:\/\/finzexpert.com\/blog\/bitcoin-bleeds-for-second-straight-day-nearly-grazes-72000\/","title":{"rendered":"Bitcoin bleeds for second straight day, nearly grazes $72,000"},"content":{"rendered":"\n<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-108239329\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>Bitcoin signage in Times Square in New York, US, on Tuesday, Dec. 9, 2025. <\/p>\n<p> Michael Nagle | Bloomberg | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Bitcoin\u00a0nearly touched the $72,000 mark on Wednesday, marking the second straight day of its massive retreat this week. <\/p>\n<p>The world&#8217;s oldest cryptocurrency sank as low as $72,096.20, plunging more than 5% on the day. It was last trading at $72,958.38, down about 4% on the day. Bitcoin is currently more than 40% off its record high of about $126,000 hit last October. <\/p>\n<\/div>\n<div>\n<div class=\"Collapsible-proliveCollapsableContainer\" role=\"button\" tabindex=\"0\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"256\" height=\"256\" viewbox=\"0 0 256 256\" aria-labelledby=\"title desc\" role=\"img\" focusable=\"false\" preserveaspectratio=\"xMinYMin\" class=\"Collapsible-stockChartIcon\"><title>Stock Chart Icon<\/title><desc>Stock chart icon<\/desc><g transform=\"translate(1.4065934065934016 1.4065934065934016) scale(2.81 2.81)\"><path d=\"M 87.994 0 H 69.342 c -1.787 0 -2.682 2.16 -1.418 3.424 l 5.795 5.795 l -33.82 33.82 L 28.056 31.196 l -3.174 -3.174 c -1.074 -1.074 -2.815 -1.074 -3.889 0 L 0.805 48.209 c -1.074 1.074 -1.074 2.815 0 3.889 l 3.174 3.174 c 1.074 1.074 2.815 1.074 3.889 0 l 15.069 -15.069 l 14.994 14.994 c 1.074 1.074 2.815 1.074 3.889 0 l 1.614 -1.614 c 0.083 -0.066 0.17 -0.125 0.247 -0.202 l 37.1 -37.1 l 5.795 5.795 C 87.84 23.34 90 22.445 90 20.658 V 2.006 C 90 0.898 89.102 0 87.994 0 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><path d=\"M 65.626 37.8 v 49.45 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 23.518 L 65.626 37.8 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><path d=\"M 47.115 56.312 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 42.03 L 47.115 56.312 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><path d=\"M 39.876 60.503 c -1.937 0 -3.757 -0.754 -5.127 -2.124 l -6.146 -6.145 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 59.844 C 41.952 60.271 40.933 60.503 39.876 60.503 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><path d=\"M 22.937 46.567 L 11.051 58.453 c -0.298 0.298 -0.621 0.562 -0.959 0.8 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 48.004 L 22.937 46.567 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"\/><\/g><\/svg><\/p>\n<div class=\"Collapsible-proLivePlayerCloseOrExpand\"><\/div>\n<\/div>\n<p><iframe title=\"Bitcoin in the past day, per Coin Metrics\" src=\"https:\/\/www.cnbc.com\/appchart?symbol=BTC.CM%3D&amp;range=1D&amp;type=mountain&amp;embedded=true&amp;$DEVICE$=undefined\" height=\"460\" scrolling=\"no\" loading=\"lazy\" style=\"border:0;width:100%\"><\/iframe><\/p>\n<p>Bitcoin in the past day, per Coin Metrics<\/p>\n<\/div>\n<div class=\"group\">\n<p>Bitcoin first broke below the $73,000 mark on Tuesday, hitting its lowest price in roughly 16 months and approaching its pre-election value. Analysts say $70,000 is a key level to watch as the digital asset&#8217;s downturn deepens, according to a Citi note to clients dated Tuesday.  <\/p>\n<p>The token&#8217;s value is bleeding as a result of several of geopolitical and economic challenges, among other headwinds. <\/p>\n<p>Chief among them is investors&#8217; recent rotation out of risk-on assets due to rising tensions between the U.S. and Europe over U.S. President Donald Trump&#8217;s Greenland gambit and a recently ended partial government shutdown that delayed the release of some critical economic data. Also at play are expectations of a U.S. monetary policy shift following Trump&#8217;s nomination of Kevin Warsh for Fed chair late last month as well as a slowdown in efforts to create more crypto-friendly regulatory and legislative guardrails in the U.S. <\/p>\n<p>Large institutional outflows driven by expectations of a deeper bitcoin correction has also thinned liquidity for the token, hurting its price, according to a recent analyst note from Deutsche Bank. <\/p>\n<p>Spot bitcoin exchange-traded funds have seen significant outflows since a series of liquidations of highly leveraged digital asset positions last October, the analysts noted. The funds have recorded outflows of more than $3 billion in January, roughly $2 billion last December, and about $7 billion last November.\u00a0\u00a0<\/p>\n<p>Bitcoin&#8217;s pullback hit several crypto stocks. Strategy,\u00a0a bitcoin treasury firm, was also down 5% on the day, while digital asset mining names like Riot Platforms and MARA Holdings shed almost 11%.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin signage in Times Square in New York, US, on Tuesday, Dec. 9, 2025. Michael Nagle | Bloomberg | Getty Images Bitcoin\u00a0nearly touched the $72,000 mark on Wednesday, marking the second straight day of its massive retreat this week. The world&#8217;s oldest cryptocurrency sank as low as $72,096.20, plunging more than 5% on the day. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2848,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[321,2760,152,2761,385],"class_list":["post-2847","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan","tag-bitcoin","tag-bleeds","tag-day","tag-grazes","tag-straight"],"_links":{"self":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/2847","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/comments?post=2847"}],"version-history":[{"count":0,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/2847\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media\/2848"}],"wp:attachment":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media?parent=2847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/categories?post=2847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/tags?post=2847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}