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. Ether, the second-largest cryptocurrency in terms of market capitalization, was down more than 7% at $1,973 on Thursday. “It’s clear the crypto market is now in full capitulation mode,” said Nic Puckrin, investment analyst and co-founder of Coin Bureau. This week’s rout in global software stocks has accelerated the slide in the value of bitcoin, ether and other tokens. However, it is also an asset class that is heavily owned, particularly by retail investors, and hence adds to the overall market risk,” Kumar said.

Source: Huffington Post February 05, 2026 21:00 UTC