📉 Market Update: February 1, 2026
The crypto market is entering February under significant pressure. After a sharp downturn on January 31, the total market valuation has shed over $111 billion in just 24 hours. The sentiment is currently characterized by "Fear," as investors react to macroeconomic uncertainty and stalling regulatory progress in the US.
🪙 Major Asset Performance
Bitcoin (BTC): $77,879 (▼ 7.5%)
BTC has broken below the critical $80,000 support level, hitting its lowest price since April 2025. Over $800 million in leveraged positions were liquidated during this slide.
Ethereum (ETH): $2,408 (▼ 12.3%)
Ether has seen steeper losses than Bitcoin, though on-chain fundamentals remain strong with a high percentage of stablecoin and RWA (Real World Asset) tokenization staying on the network.
Solana (SOL): $102.71 (▼ 13.4%)
Solana continues to face high volatility, tracking the broader altcoin sell-off.
📊 Key Market Indicators
Metric Value Status
Total Market Cap $2.63 Trillion 🔻 Down 8%
Fear & Greed Index 26 (Fear) 😨 Trend: Neutral to Fear
BTC Dominance 61.3% 📈 Rising (Safe haven shift)
24h Liquidation $1B+ ⚠️ High leverage flush
📰 Top News Headlines
The "CLARITY" Act Stalls: Crypto legislation in the US Senate has hit a roadblock after Coinbase withdrew its support, causing the odds of passing to drop from 80% to 50%.
India’s Budget 2026: For only the second time in history, Indian stock exchanges (NSE/BSE) are open on a Sunday for the Union Budget. The crypto industry is watching closely for any news on TDS reductions or loss-offsetting rules.
Fed Uncertainty: Markets are reacting to speculation surrounding the next Fed Chair. While nominee Kevin Warsh is considered crypto-friendly, the "risk-off" sentiment persists across all global assets.
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