The cryptocurrency market on 3 February 2026 was dominated by a sharp "risk-off" selloff as investors reacted to hawkish signals from the Federal Reserve and a strengthening U.S. Dollar. Bitcoin fell below $75,600 following news that President Trump signed an executive order for a strategic Bitcoin reserve that notably lacked immediate government purchase mandates.
Market Summary
Bitcoin (BTC): Closed at $75,633.55, marking a significant decline from the $80,000 level seen earlier in the week.
Ethereum (ETH): Experienced high volatility, closing at $2,227.56 after an intraday low of $2,109.06.
Solana (SOL): Dropped 6.49% to close at $97.56.
Liquidations: Over 106,000 traders were liquidated within 24 hours, with $506 million in total losses, primarily affecting short positions.
Key Regulatory & Industry Updates
U.S. Federal Reserve: President Trump nominated Kevin Warsh as the next Fed chair; Warsh's known support for higher real interest rates pressured speculative assets like crypto.
Strategic Bitcoin Reserve: An executive order established a strategic reserve but disappointed some traders by not including immediate buy orders, contributing to the day's price slide.
Ripple (XRP): Ripple obtained a full EMI license from Luxembourg’s CSSF, allowing it to expand blockchain payment services across all 27 EU member states.
Strategic Pauses: Strategy (formerly MicroStrategy) paused its Bitcoin acquisitions on 3 February, while its stock price fell 9%.
New Listings: The token TRIA surged 13% against the falling market following its debut on KuCoin and Coinbase's roadmap.
Major Ecosystem Events
Lido (LDO): Launched its V3 upgrade.
Chiliz (CHZ): Released its "2030 Vision" roadmap.
Jupiter (JUP): Secured a $35 million strategic investment from ParaFi to bring Polymarket-style prediction markets to Solana.
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