The downturn was part of a wider drop for digital assets, according to a report by Bloomberg News, which points out that the world’s most popular cryptocurrency fell to $75,709 at one point, while other coins saw larger losses.
The selloff erased around $111 billion from the crypto market’s total value in the space of 24 hours, the report added, citing CoinGecko data. Around $1.6 billion in short and long positions were liquidated in the same time frame, according to market tracker Coinglass.
The report also noted that bitcoin’s price could be affected by increasing tensions between Israel and Iran, but had seen no measurable impact from a sharp…
Feb 02 2026
