Market Decline
Bitcoin and Ethereum deepen crypto sell-off on February 3 amid ongoing market fears
Reported by AI Image generated by AI
Continuing the downturn from late January, the cryptocurrency market plunged further on February 3, 2026, with Bitcoin hitting $72,800—its lowest since before the 2024 U.S. election—and Ethereum dropping sharply. The sell-off, fueled by broader stock weakness and liquidity concerns, eased slightly after the U.S. House passed a funding bill to end the partial government shutdown. Experts caution of more declines but spot stabilization signals.
XRP, the cryptocurrency associated with Ripple, saw a 4% decline over the weekend. This drop occurred despite bullish underlying fundamental data for the asset. The price continued to fall as of February 23, 2026.
Reported by AI
Analysts at CryptoQuant report that the total cryptocurrency market capitalization has declined by more than $730 billion over the past 90 days. Bitcoin experienced the largest drop, with its market value falling by about $348 billion. This downturn reflects a significant capital outflow amid heightened market volatility.
Bitcoin dropped below $122,000 on October 7, 2025, reversing gains from a recent all-time high above $126,000 amid signs of an overheated crypto rally. Altcoins like Ethereum, Solana, XRP, and Cardano saw steeper declines of 3% to 7%, while the total market capitalization fell by about 2% to 4%. Analysts attributed the pullback to high inflows and a mixed U.S. Treasury auction result.