New Delhi, Feb. 5 -- Bitcoin prices slumped nearly 2% to $71,000 - its lowest level in 15 months - on Thursday, February 5, as a broad risk-off sentiment swept through global markets.

The world's largest cryptocurrency has been on a downward trajectory, losing over 42% from its October peak of $126,000 last year.

During Asian trading hours on Thursday, Bitcoin dropped to a low of $71,540, its weakest level since November 6, 2024 - the day after Donald Trump was re-elected as US president.

On Wednesday, Bitcoin touched $71,739, plunging more than 5% during the day. The overall cryptocurrency market has also shed nearly $460 billion in value over the past week.

Experts opined that the cryptocurrency market is under pressure due to a ris...