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Crypto Markets Crash: Bitcoin Tests $70K as Bessent’s ‘No Bailout’ Remark Sparks $775M Liquidation
By Brennan Forrest - February 05, 2026 - 5 Mins Read
Bitcoin crashes to $70K as Treasury Secretary Scott Bessent rules out a crypto bailout. The 8% drop triggered $775M in liquidations amid a tech rout.