Bitcoin Miners Slide 10-20% as BTC Plummets 20% Weekly to $72,185

Bitcoin hits a 15-month low of $72,185 on February 03, 2026, falling 20% in a week, sending publicly traded miners like MARA (-11.6% to $7.99), RIOT (-10% to $13.78), HUT (-14.3% to $50.60), and CIFR (-20.76% to $12.92) sharply lower. Galaxy Research suggests a push toward the $58,000–$60,000 range as structural weaknesses and a dearth of catalysts persist. The miner profit-to-loss sustainability ratio hits a 14-month low, pressured by falling prices and operational challenges including a severe winter storm in the northeastern U.S. Bitfarms (BITF) suspended BTC mining and pivoted to AI, down 12% to $2.37. Broader tech stocks including MSFT, SNAP, and PYPL fell in the same period. Indices declined 1.59% for the S&P 500 and 4.47% for the Nasdaq Composite over the last five trading days. Coinbase (COIN) and Strategy (MSTR) each fell more than 8% to $164.96 and $121.79, respectively.