Hong Kong crypto investors stay cautious but upbeat as bitcoin sell-off deepens
South China Morning PostEN 1 min read 100% complete by Eunice XuFebruary 2, 2026 at 02:30 PM
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Hong Kong cryptocurrency investors are maintaining cautious optimism despite a significant market downturn. Over the weekend, Bitcoin fell to a 10-month low, reaching US$74,541 on Monday, a 40% drop from its peak. Ethereum and Solana also experienced declines. Analysts attribute the sell-off to macro pressures, a precious metals sell-off, and thin weekend trading, exacerbated by Bitcoin falling below the US$80,000 mark. Despite the volatility, professional investors in Hong Kong view the situation as typical market behavior.
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cryptocurrency 100% bitcoin 90% market sell-off 80% hong kong 70% digital assets 60% volatility 60% risk assets 50% ethereum 50% trading volumes 40%
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South China Morning Post
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90%
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Hong Kong
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View Full Graph cryptocurrencybitcoinmarket sell-offhong kongdigital assetsvolatilityrisk assetsethereumtrading volumes
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