🤔Why Is Crypto Down Today? – February 6, 2026⁉️
Bitcoin breaching the 2021 all-time high of $69,000 is significant, but it doesn’t rule out further short-term downside,” says Matt Howells Barby, VP at Kraken.
Levels & Events to Watch Next👇👇👇
👆👆👆At the time of writing on Friday morning, BTC was trading at $64,744. While it began the day at $71,702, it gradually, but swiftly, dropped below the psychologically critical support level of $70,000 and to the intraday low of $60,255.
#bitcoin Bitcoin Price Chart. Source: TradingView
At the same time, Ethereum was changing hands at $1,878. It decreased from the intraday high of $2,136 to the low of $1,756. It recovered slightly since.
Over the past week, the price dropped by 31.5%, while it pulled back 62% from the August ATH of $4,946.
👉👉👉#ETH ETFs Continue Outflow Streak
The US BTC spot exchange-traded funds (ETFs) closed another session lower on Thursday, with $434.15 million in negative flows. The total net inflow fell to the current $54.32 billion.
Six of the twelve ETFs posted negative flows, and none saw inflows. BlackRock let go of $175.33 million on 5 February.
Fidelity recorded outflows of $109.48 million, followed by Grayscale’s $75.42 million.