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What kind of hosting are we talking here. Can a $5 VPS box handle this much traffic?

Yes, a simple static website served with nginx on a $5 rig can handle absolutely absurd amounts of traffic. I've done it.

Stick a free cloudflare plan in front of it with caching enabled, and you'll be amazed.

You don't even need a VPS. A static website with no user input better be hosted on Vercel or Netlify, with Cloudflare as a CDN.

No need for Cloudflare, Vercel or Netlify already have CDNs.

Another option is Cloudflare themselves, with Cloudflare Pages.

There's also Firebase, and good old S3+Cloudfront.

I just launched something with AWS Amplify, which is automatic S3+Cloudfront. Insanely easy. Just link a repo.

Vercel, Netlify and Cloudflare Pages are the same, just link a repo

How much would it cost, assuming 70m visitors and various page sizes (100k to 1m)?

Oh, actually a shitload. Data out is $0.15 per GB. 70m at 1mb is $10k. Straight S3 is $80, if I used the calculator right.

Could Github Pages work too?

I don't see any reason why it couldn't.