February 5, 2026, the cryptocurrency market declined across the board, facing overall pressure.
Bitcoin (BTC)
· Current Price: Approximately $72,937.48
· Daily Performance: Down approximately 3.65%, with intraday prices at one point dropping below $72,000.
Ethereum (ETH)
· Current Price: Approximately $2,151.72
· Daily Performance: Down approximately 3.87%, with intraday losses at one point expanding to 5%-6%, and falling below the $2,100 mark.
Market Analysis
This decline is related to the overall decrease in market risk appetite, and statements from the U.S. Treasury Secretary indicating that there will be no support for Bitcoin have also affected market sentiment. Technically, Ethereum is particularly weak, and analysts point out that it has broken through key patterns, posing a risk of further decline to the $1,665-$1,725 range.