(Feb 2): Bitcoin fell to a fresh 10-month low in Asia trading Monday following a weekend sell-off, with sentiment fragile amid broader market turbulence.
Bitcoin fell as much as 2.5% to US$74,541, just shy of its lowest level seen since Donald Trump retook the White House a little more than a year ago. That was US$74,425 recorded on April 7. It remained below US$76,000 at noon in Singapore.
The largest cryptocurrency shed nearly 11% in January, marking its fourth straight monthly decline — the longest losing streak since 2018, during the crash that followed the 2017 boom in initial coin offerings. Its latest slump comes amid broad market unrest, with gold continuing to fall Monday after suffering its biggest plunge in more than a decade at the end of last week.
“Bitcoin is approaching levels last seen in April 2025 after Liberation Day,” said Caroline Mauron, co-founder of Orbit Markets. “A further drop through the 2021 highs around US$70,000 would represent a damaging long-term confidence hit.”
Other smaller cryptocurrencies were also weaker, with ether down 2.9% and solana falling 1.2%.
See also: Bitcoin-led crypto rout erases nearly US$500 bil in a week
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