Cryptocurrencies

Bitcoin-Led Crypto Rout Erases Nearly $500 Billion in a Week

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By Sidhartha Shukla

February 4, 2026 at 2:25 AM UTC

Updated on

February 4, 2026 at 3:18 PM UTC

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 $467.6 billion since Jan. 29, according to CoinGecko data. Bitcoin on Tuesday tumbled to its lowest level since US President Donald Trump won re-election in early November 2024 and ushered in a more crypto-friendly administration.