BlockBeats news, on February 5, Bitcoin fell below $74,000 during the early session of U.S. stock trading, with a rapid rebound from the previous day's low quickly fading, and further selling of tech stocks dragging down sentiment in the crypto market. The Nasdaq 100 index continued to weaken, with the software sector sharply declining, intensifying market concerns over the impact on the AI industry.
Cryptocurrency mining companies' stock prices fell in sync, affected by the AI infrastructure concept, with Cipher Mining, IREN, and Hut 8 all dropping more than 10%. Previously, AMD's stock plummeted 14% due to earnings guidance for 2026 falling short of expectations.
On a macro level, U.S. economic data showed a divergent performance, with the service sector still expanding, but job growth clearly slowing down. Some analysts believe the market may have underestimated the potential easing stimulus力度 of the Federal Reserve in 2026.