Bitcoin, the world’s largest cryptocurrency by market capitalisation, has fallen below $63,000, hitting its lowest level since October 2024 amid weakening investor confidence. Data from CoinMarketCap showed that bitcoin traded 13.9 per cent lower on Thursday, dropping to $62,965 as of 10:20 p.m. Meanwhile, Ethereum, the second-largest cryptocurrency by market capitalisation, also declined sharply, falling 13 per cent to $1,863. CoinMarketCap further reported that the global cryptocurrency market capitalisation shrank to $2.19 trillion, with total trading volume exceeding $263 billion as of 10:00 p.m. on Thursday. On October 5, the cryptocurrency reached an all-time high of over $125,000, representing a 97 per cent increase from levels around $62,000 recorded earlier in October 2024.

Source: The Guardian February 06, 2026 11:31 UTC