Latest Breaking News

Wicked Blue

(8,764 posts) Thu Feb 5, 2026, 12:21 PM Feb 5

Crypto crash accelerates as investors flee risky assets

Source: NBC

Bitcoin’s plunge accelerated on Thursday, as the world’s largest cryptocurrency fell to around $67,000 in morning trading, a level not seen since October 2024. The moves underscore how vulnerable cryptocurrencies can be when investors turn away from risk.

The sharp drop was a reversal from late last year, when bitcoin surged to record highs above $125,000 a coin. In the four months since then, the digital currency has lost nearly half its value.

The selling comes as investors pull back from riskier assets like crypto and tech stocks, and rotate into traditional “safe haven” assets like gold.

Since bitcoin’s October peak, the gap between its performance and gold’s has widened significantly. As of Thursday morning, the value of bitcoin had fallen 32% since February 2025, while the value of gold has soared 68%.

Read more: https://www.nbcnews.com/business/markets/crypto-crash-bitcoin-gold-rcna257556

13 replies

= new reply since forum marked as read

Highlight:

Crypto crash accelerates as investors flee risky assets (Original Post) Wicked Blue Feb 5 OP

Who or What stands behind Bitcoin? Kid Berwyn Feb 5 #1

You Mean They Crypto Bros Deep State Witch Feb 5 #2

Thin air disappears pfitz59 Feb 5 #3

Oh, the inhumanity! Harker Feb 5 #4

Yawn. Tell me when it drops to it's actual value mdbl Feb 5 #5

Jump, you ******* Rastapopoulos Feb 5 #6

Bitcoin down almost 50% since its October high Prairie Gates Feb 5 #7

Hahaha! 😆 littlemissmartypants Feb 5 #8

Hoarding gold is another environmentally destructive delusion. hunter Feb 5 #9

Flat earthers and survivalists are convinced it will be the only form of trade when the economy collapses. mdbl Feb 5 #11

It's pretty good for making bullets... hunter Feb 5 #12

BWAhaHaHAhaHahahaha... LOL 😆 🤣 Multichromatic Feb 5 #10

Kick Emile Feb 5 #13

Kid Berwyn

(23,841 posts)

1. Who or What stands behind Bitcoin?

Reply to Wicked Blue (Original post)

Thu Feb 5, 2026, 12:26 PM

Feb 5

What gives it value?

More importantly for those invested: How does one “cash in” before its “worth” goes down to the cost of one electron or zero, whichever is less.

Asking for a taxpayer and her lawyer.

Deep State Witch

(12,675 posts)

2. You Mean They Crypto Bros

Reply to Wicked Blue (Original post)

Thu Feb 5, 2026, 12:27 PM

Feb 5

Just realized that their baby was started by JE as a way to launder money for all kinds of unsavory people and they're ditching it out of conscience?

Nah. The heat is on. The rats are leaving the sinking ship.

pfitz59

(12,543 posts)

3. Thin air disappears

Reply to Wicked Blue (Original post)

Thu Feb 5, 2026, 12:28 PM

Feb 5

as the crypto Hindenberg crashes.

Harker

(17,625 posts)

4. Oh, the inhumanity!

Reply to pfitz59 (Reply #3)

Thu Feb 5, 2026, 12:42 PM

Feb 5

mdbl

(8,374 posts)

5. Yawn. Tell me when it drops to it's actual value

Reply to Wicked Blue (Original post)

Thu Feb 5, 2026, 01:39 PM

Feb 5

Rastapopoulos

(740 posts)

6. Jump, you *******

Reply to Wicked Blue (Original post)

Thu Feb 5, 2026, 01:47 PM

Feb 5

Prairie Gates

(7,630 posts)

7. Bitcoin down almost 50% since its October high

Reply to Wicked Blue (Original post)

Thu Feb 5, 2026, 01:48 PM

Feb 5

I'm sure the crypto shitheels will be along shortly advising that we all "buy the dip."

Dogecoin coin a deal at 1 cent! Down 11% today, but the future is bright!

littlemissmartypants

(32,806 posts)

8. Hahaha! 😆

Reply to Prairie Gates (Reply #7)

Thu Feb 5, 2026, 03:05 PM

Feb 5

hunter

(40,522 posts)

9. Hoarding gold is another environmentally destructive delusion.

Reply to Wicked Blue (Original post)

Thu Feb 5, 2026, 03:47 PM

Feb 5

It's difficult, near impossible, for an affluent person to reduce their environmental footprint but refusing to "invest" in gold is a good start.

It will be a better world if the price of gold is lower than the cost of mining it.

mdbl

(8,374 posts)

11. Flat earthers and survivalists are convinced it will be the only form of trade when the economy collapses.

Reply to hunter (Reply #9)

Thu Feb 5, 2026, 03:55 PM

Feb 5

Many are hoarding it in their basements. For most it won't be much good if there's no food to buy or much to trade for. But I guess in a total dystopia, it might be of some value to someone.