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Bargain hunting? Hong Kong retail investors snap up bitcoin amid crypto crash

South China Morning PostEN 1 min read 100% complete by Leopold ChenFebruary 6, 2026 at 12:09 PM
Bargain hunting? Hong Kong retail investors snap up bitcoin amid crypto crash
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Retail investors in Hong Kong are buying bitcoin amid its collapse, with prices falling by more than half from their peak. The price of bitcoin slumped to almost US$60,000 on Friday morning, erasing over US$2 trillion from the digital asset market. Dozens of residents were seen queuing at cryptocurrency shops in Admiralty Centre, handing over cash to buy bitcoin. Local investor Jacky Lam bought HK$47,600 worth of bitcoin, citing a "good price" for holding onto it and expecting a rebound. The collapse has prompted some investors to snap up the cryptocurrency despite its decline. This buying behavior is driven by hopes that the price will recover in the future.

Key Entities & Roles

Key Player Opposition Context
United States Dollar ×240% Admiralty Centre 50% CoinGecko 60% Jacky Lam ×270% Hong Kong ×280% Bitcoin ×590%

Keywords

bitcoin 90% crypto crash 80% retail investors 70% digital asset market 60% price rebound 50%

Sentiment Analysis

Positive
Score: 0.20

Source Transparency

Source
South China Morning Post
Classification Confidence
85%
Geographic Perspective
Hong Kong

This article was automatically classified using rule-based analysis.

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bitcoincrypto crashretail investorsdigital asset marketprice rebound
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