Bitcoin slides toward $70,000 as on-chain data flags bear market and traders bet Fed holds in April: Asia Morning Briefing

In the latest Asia Morning Briefing, it has been reported that Bitcoin's price is trending downward, approaching the significant threshold of $70,000. This downward movement is being indicated by various on-chain data, which suggests that the cryptocurrency may be entering a bear market. Meanwhile, traders are increasingly placing their bets on the possibility that the Federal Reserve will maintain its current monetary policy during the month of April, which has further implications for the market sentiment surrounding cryptocurrencies. source: https://www.coindesk.com/markets/2026/02/05/bitcoin-slides-toward-usd70-000-as-on-chain-data-flags-bear-market-and-traders-bet-fed-holds-in-april-asia-morning-briefing