Back
06 Feb 2026
Bitcoin plummets, driving US$2 trillion tumble in crypto market value
Summary
Bitcoin plummeted to its lowest level since October 2024, losing 12.6% in a single day and contributing to a US$2 trillion decline in the global crypto market. The selloff was driven by weakening risk sentiment, volatility in precious metals, and a broad selloff in tech shares, particularly those related to artificial intelligence. Concerns are growing about the potential for forced liquidations among crypto miners if prices continue to fall.