SINGAPORE/LONDON/NEW YORK, Feb 5 (Reuters) - Bitcoin plunged on Thursday, its decline accelerating amid weakening risk sentiment driven in part by volatility in precious metals and a broad selloff in tech shares.
The world’s largest cryptocurrency fell to a low of $66,675.12, its weakest since October 2024, a month before Republican Donald Trump won the U.S. presidential election, having signaled his intention to support crypto on the campaign trail. It was last down 6.5% at $67,817.
All told, the global crypto market has lost $2 trillion in value since hitting a peak of $4.379 trillion in early October, CoinGecko data showed, with some $800 billion wiped out in the last month alone.
Advertisement
Bitcoin has already fall
Continue Reading on HuffPost
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.