{"id":15149,"date":"2026-02-05T21:26:28","date_gmt":"2026-02-05T21:26:28","guid":{"rendered":"https:\/\/jobuzo.com\/en\/bitcoin-drops-driving-us2-trillion-slide-in-crypto-market-value\/"},"modified":"2026-02-05T21:26:28","modified_gmt":"2026-02-05T21:26:28","slug":"bitcoin-drops-driving-us2-trillion-slide-in-crypto-market-value","status":"publish","type":"post","link":"https:\/\/jobuzo.com\/en\/bitcoin-drops-driving-us2-trillion-slide-in-crypto-market-value\/","title":{"rendered":"Bitcoin drops, driving US$2 trillion slide in crypto market value"},"content":{"rendered":"
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Bitcoin plunged on Thursday, its decline accelerating amid weakening risk sentiment driven in part by volatility in precious ‍metals and a broad sell-off in tech shares.<\/p>\n

The world’s largest cryptocurrency fell to a low of US$66,675.12, its weakest since October 2024, a month before Republican Donald Trump won the US presidential election, having signalled his intention to support cryptocurrency on the campaign trail. It was last down 6.5 per cent at US$67,817.<\/p>\n

In total, the global digital market has lost US$2 trillion in value since hitting a peak of US$4.379 trillion in early October, CoinGecko data showed, with some US$800 billion wiped out in the last ⁠month alone.<\/p>\n

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Bitcoin has already fallen 11 per cent for the week, taking its losses for the year so far to 23 per cent. Ether, the second-largest cryptocurrency in terms of market capitalisation, was down more than 7 per cent at US$1,973 on Thursday. Ether has fallen nearly 14 per cent this week, with losses of roughly 34 per cent so far this year.<\/p>\n

Sentiment on crypto was affected by the latest selling in metals and stocks. Gold and silver, for instance, have become more volatile as a result of leveraged buying and speculative flows. Silver, for one, fell as much as 16.6 per cent to a low of US$73.41.<\/p>\n

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In equities, the S&P 500 slid to near two-week lows and the Nasdaq sank to its lowest level in more than two months on Thursday, as the AI theme came under renewed pressure.<\/p>\n<\/div>\n

Bitcoin drops, driving US$2 trillion slide in crypto market value<\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin plunged on Thursday, its decline accelerating amid weakening risk sentiment driven in part by volatility in precious ‍metals and a broad sell-off in tech shares. The world’s largest cryptocurrency fell to a low of US$66,675.12, its weakest since October 2024, a month before Republican Donald Trump won the US presidential election, having signalled his…<\/p>\n

Read More “Bitcoin drops, driving US$2 trillion slide in crypto market value”<\/span> »<\/a><\/p>\n","protected":false},"author":1,"featured_media":15150,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/15149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/comments?post=15149"}],"version-history":[{"count":0,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/15149\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media\/15150"}],"wp:attachment":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media?parent=15149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/categories?post=15149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/tags?post=15149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}