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EnglishپارسیEnglishپارسیCrypto is trading in a broad risk-off tone, with majors down and high-beta alts taking the hardest hit. The tape looks like deleveraging / risk trimming, not a single-coin story.
Snapshot (USD):
Market read: SOL is clearly underperforming (classic high-beta pressure), while BTC/ETH are sliding but holding relatively better—often a sign the market is rotating defensively within crypto rather than fully capitulating.
What to watch next: whether BTC can hold the mid-65k area; if it fails, sentiment typically deteriorates quickly, and altcoin drawdowns can accelerate.
Bitcoin dipped below $65,000 in Asian trading on Monday, sliding back toward early-February levels after briefly trading near $60,000 earlier this month, as large holders (“whales”) increased selling activity amid a broader risk-off mood tied to U.S. trade policy uncertainty.
Why it matters: When whales transfer BTC to exchanges, they can amplify short-term downside by increasing available supply at key liquidity venues—especially when macro headlines are already pushing traders into de-risking.
Source: CryptoQuant
Crypto markets were mixed on Wednesday morning, with Bitcoin easing to $67,605 (-0.22%) and Ethereum essentially flat at $1,998.40 (-0.03%). Among major alts, XRP weakened to $1.4780 (-0.38%) and Solana dipped to $84.92 (-0.33%), while pockets of green showed up in Dogecoin $0.1011 (+0.10%) and Cardano $0.2826 (+0.07%)—a “selective risk” tone rather than broad momentum.
Major cryptocurrencies opened the week at mostly softer levels, with Bitcoin holding steady near $68,366 (-0.07%) while several large-cap altcoins traded lower. Ethereum was marginally higher at $1,959 (+0.03%), but XRP (-1.02%), Solana (-1.67%), Dogecoin (-0.56%), and Cardano (-0.69%) all slipped—suggesting early-week risk appetite is selective, with rotation away from higher-beta names.
Levels: BTC $68,366, ETH $1,959, XRP $1.457, SOL $84.73, DOGE $0.1018, ADA $0.2783.
Crypto opened Friday on a risk-on rebound, with Bitcoin up over 1% and Solana/Dogecoin outperforming—suggesting dip-buying after the broader risk-off tone.
Tape read: broad bounce with alt leadership, a typical pattern when traders re-risk after a pullback—while XRP lags slightly.
Crypto is trading mixed right now, with Bitcoin slipping while several majors and meme/alt names grind higher—a classic “BTC soft, alts rebid” tape.
What it signals: risk appetite is selective, with alt strength emerging even as BTC consolidates—suggesting traders are rotating rather than fully de-risking.
Crypto is trading in a clear risk-off mode right now, with major tokens down sharply and in sync, led by losses in Bitcoin and Ethereum.
The tape shows broad-based deleveraging/derisking, with the majors leading and alts following—typical of a market moving lower on macro or liquidity pressure rather than isolated token-specific news.
South Korean crypto exchange Bithumb said an internal error during a promotional reward event on Friday, February 6, 2026 mistakenly credited users with a combined ~620,000 bitcoins—worth over $44 billion—instead of small cash rewards, triggering an immediate sell-off before the glitch was contained.
Bithumb said it restricted trading and withdrawals for affected accounts within about 35 minutes and recovered 99.7% of the wrongly credited bitcoin; regulators later pointed to the incident as evidence that tougher rules and stronger internal controls are needed as crypto becomes more intertwined with the financial system.
Crypto markets opened Monday with a mild risk-off tone, led by declines in the majors, while XRP stood out as the rare gainer.
Overall, the early-week setup shows broad-based softness with pockets of relative strength—XRP holding green while the rest of the complex leans lower.
Bitcoin slid below $67,000 on Feb. 5, hitting fresh multi-month lows as the broader crypto selloff deepened and investors de-risked amid macro and tech volatility. Reuters reported BTC around $66.7k at the day’s trough, while market pricing later showed deeper downside as liquidations intensified.
Against that backdrop, “Big Short” investor Michael Burry has warned in recent commentary that a further leg down could trigger a collateral-driven cascade (his “sickening scenarios” / “death spiral” framing), arguing Bitcoin is behaving more like a purely speculative asset than a consistent hedge—raising spillover risk through leverage, forced selling, and balance-sheet stress in crypto-linked firms.
South Korea’s Seoul Southern District Court sentenced crypto-asset firm CEO Jong-hwan Lee to three years in prison, alongside a 500 million won fine and forfeiture of about 846 million won, after finding he manipulated ACE token prices. Prosecutors said Lee used an automated trading program to inflate volumes and execute wash trades, with trading reportedly jumping from 160,000 to 2.45 million ACE units in a single day, and investigators concluding he accounted for about 89% of trading during the manipulation window—underscoring Seoul’s tougher stance on market integrity as crypto enforcement tightens.
Bitcoin rebounded on Tuesday from near 10-month lows but remained under pressure below the $80,000 mark after heavy weekend liquidations and uncertainty around Federal Reserve policy weighed on risk appetite. The cryptocurrency was last up 2.8% at $78,558.4 by 01:42 ET (06:42 GMT). Over the prior 24 hours, bitcoin slid as low as $74,635.5—its weakest level since early April—as cascading stop-loss orders and margin calls accelerated the sell-off.