Bitcoin loses $73K as US stocks sell off: Analyst says BTC price action not 'abnormal'
04.02.2026
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Bitcoin (BTC) tumbled to a new 2026 low of $72,945 on Tuesday as bulls failed to hold the $80,000 level as support. Year-to-date, Bitcoin trades at a 15% loss and remains nearly 45% down from its $126,267 all-time high, raising investor concerns that BTC's cyclical bull market may have reached an end.
Bitcoin Hits 2026 Low Under $73K But Analyst Says It's Normal
BTC just nosedived to $72,945 — a fresh 2026 low — as bulls couldn't defend the $80K floor. YTD, Bitcoin's down 15% and still 45% off its $126,267 ATH. Panic? Maybe. But one analyst says this is just classic crypto volatility.
The sell-off isn't isolated. US stocks are bleeding too, with the S&P 500, DOW, and NASDAQ all down 0.70% to 1.77%. AI giants NVIDIA (-3.4%) and Microsoft (-2.7%) got hammered, and Amazon dropped 2.7%. Over 100 S&P 500 companies report earnings this week — investors are sweating whether AI hype can match reality.
Crypto liquidations piled on the pain: BTC longs saw $127.25M forced closed, ETH longs $159.1M. Brutal.
Related: Bitcoin, crypto 'winter' soon over, says BitWise exec as gold retargets $5K
Even though some call Bitcoin a 'deep discount,' retail and institutional dip-buying (like from Strategy) hasn't stopped the bleed. Joe Burnett, Strive's VP of Bitcoin strategy, says chill — BTC's current price action at $74K is 'still sitting within historical norms.'
"45% Bitcoin drawdown aligns closely with historical volatility. Volatility of this magnitude remains a symptom of a rapidly monetizing asset." — Joe Burnett
If selling continues, order book data from TRDR.io shows bids stacking from $71,800 to $63,000. Will traders step in? Macro and stock market moves will likely keep driving BTC's price more than anything else.
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