The world's largest cryptocurrency has fallen by as much as 2.5%, to $74,541. This is only slightly above the "low" of $74,425 set on April 7, 2025, more than a year after Donald Trump returned to the White House. By midday (Singapore time), bitcoin was still trading below the $76,000 mark.
In January 2025 alone, Bitcoin lost nearly 11% of its value. This marked the fourth consecutive month of decline, the longest losing streak since 2018, the period when the market crashed following the initial coin offering (ICO) craze of 2017.
The weakening cryptocurrency market coincides with general instability in global finance. Gold prices also continued to fall on February 2nd after recording their sharpest decline in over 10 years last weekend.
Caroline Mauron, co-founder of Orbit Markets, believes that Bitcoin is approaching the price levels of April 2025, the period after "Liberation Day." If the price continues to break through the 2021 peak around $70,000, long-term investor confidence will be severely damaged.
The red also covered smaller-capitalization cryptocurrencies, with Ether falling 2.9% and Solana dropping 1.2%.
Source: https://baotintuc.vn/thi-truong-tien-te/bitcoin-cham-day-10-thang-20260202125756920.htm
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