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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.
Polkadot's native token DOT fell 3% to $1.83 on Wednesday, breaking below the key $1.90 support level despite positive news on Coinbase integration. Strong selling pressure led to a volume spike 340% above average, signaling institutional distribution. The broader crypto market also declined, with the CoinDesk 20 index down 2%.
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Kryptovalutamarknaden har rasat in i 'extrem rädsla'-territorium, med Bitcoin som faller under 100 000 $ för andra gången denna månad. Fear & Greed Index nådde en botten på 10, den lägsta sedan sent i februari, mitt i en vecka med betydande förluster över stora tillgångar. Faktorer som vinsttagning, institutionella utflöden och makroekonomisk osäkerhet driver försäljningen.