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Bitcoin and Ethereum deepen crypto sell-off on February 3 amid ongoing market fears
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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.
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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 föll under 122 000 dollar den 7 oktober 2025 och vände på vinsterna från en nylig rekordnivå över 126 000 dollar mitt i tecken på en överhettad kryptorally. Altcoins som Ethereum, Solana, XRP och Cardano såg brantare nedgångar på 3 till 7 procent, medan den totala marknadskapitaliseringen föll med cirka 2 till 4 procent. Analytiker tillskrev nedgången till höga inflöden och ett blandat resultat från en amerikansk statsobligationsauktion.