The crypto market today 🤧☹️😭😰😔

The cryptocurrency market is currently experiencing a 

major crash as of February 6, 2026. Over $2 trillion in global market value has been wiped out since October 2025, with $800 billion lost in the last month alone. Bitcoin fell to a 16-month low near $60,000 this week, marking its worst one-day drop since 2022. 

Alerian Galaxy Global Cryptocurrency (CRYPTO)

5,198.93

-10.33% today

As of 6 Feb, 3:09 am IST • Disclaimer

5 Feb 2026 - 6 Feb 2026

Open5,797.60

Prev close5,797.60

High5,797.60

52-wk high10,679.50

Low5,159.12

52-wk low4,058.06

Current Market State

Extreme Fear: The Crypto Fear & Greed Index is at a score of 14, indicating high levels of panic selling.

Mass Liquidations: Over $2 billion in leveraged positions were wiped out in 24 hours, affecting more than 700,000 traders.

Major Asset Performance:

Bitcoin (BTC): Trading near $64,000, down roughly 40% from its October peak of $126,000.

Ethereum (ETH): Has fallen to approximately $1,850, erazing all gains from 2025.

Solana (SOL): Trading around $142, reflecting strong bearish pressure. 

Drivers of the Crash

Macroeconomic Pressure: A broad sell-off in technology stocks and fears of a global recession have driven investors away from risky assets.

Institutional Outflows: Large-scale outflows from crypto ETFs and a "liquidity vacuum" have accelerated the decline.

Policy Uncertainty: Volatility has been exacerbated by concerns over US midterm elections and potential shifts in monetary policy. 

Bullish Outlook & Recovery Potential

Despite the current crash, several indicators suggest a potential long-term bullish reversal: 

Oversold Signals: Bitcoin's daily Relative Strength Index (RSI) recently flashed 17, a level historically associated with major market bottoms and subsequent massive gains.

Price Targets for 2026: Many analysts maintain bullish end-of-year targets. Standard Chartered and Bernstein forecast Bitcoin reaching $150,000 by late 2026, while Nexo suggests a range of $150,000–$200,000.

Structural Support: Institutional adoption through ETFs and the incorporation of Bitcoin into mainstream finance are viewed as long-term tailwinds that prevent a total collapse. 

$BTC

$ETH

$BNB