(Feb 4): Almost half a trillion dollars has been wiped off cryptocurrencies in less than a week as a selloff led by Bitcoin accelerated. Total crypto market value has slumped by US$467.6 billion (RM1.84 trillion) since Jan 29, according to CoinGecko data. The declines follow a volatile week across global markets that also saw sharp swings in gold and silver. Bitcoin and US equities fell as rising tensions between the US and Iran prompted investors to seek safe assets. Investor Michael Burry this week warned that Bitcoin has been exposed as a purely speculative asset, failing to establish itself as a hedge similar to precious metals.

Source: The Edge Markets February 04, 2026 03:06 UTC