DegenOnChain

Today's hottest topic in crypto (Feb 4, 2026) is the ongoing market downturn / correction — the whole space is bleeding hard, with massive value wiped out and fear levels spiking.Quick snapshot of the pain:

Global crypto market cap down sharply (erased ~$400–500B in the last week or so, sitting around $2.6T now).
Bitcoin ($BTC ) dipped to lows around $72K–$74K recently before bouncing a bit, now hovering ~$73K–$76K (down 2–3% today, 10–15%+ weekly). It's off highs and erasing post-election gains for some.
Ethereum ($ETH ) taking a bigger hit, down ~5%+ recently, trading ~$2,100–$2,300 (some reports of 25% weekly drop vibes).
Solana ($SOL ) continuing its slide (around $91–$97, down 7–9% today).
Altcoins broadly getting wrecked, with heavy liquidations cascading.
Why the heat / what's driving convos:

Why is crypto down today/this week? — Classic risk-off mode: macro compression, correlation with falling tech stocks / precious metals (gold/silver dip hurting "safe haven" narratives), leveraged positions getting flushed (billions in longs liquidated), outflows from BTC ETFs in spots, and no big catalyst to reverse yet.Peter Schiff types calling it a prolonged bear for BTC while gold surges.Analysts like Tom Lee saying bottoms might be close, but sentiment is at 2-month lows (extreme fear territory).Michael Burry warnings about BTC failing as safe haven and potential knock-on effects.
Other buzzing sub-topics:
Vitalik Buterin dropping takes on Ethereum Layer 2s — fees plummeting so fast that many L2s are losing purpose, forcing them to "grow up" or pivot.Bitcoin mining profitability crisis: difficulty expected to drop 14% soon, block times spiking — miners hurting bad.Hyperliquid (perp DEX) bucking the trend with big surges (71%+ in spots) while everything else dumps — people calling it one of the few bright spots.Tokenization / RWAs still getting mainstream nods, but drowned out by the red charts.Some privacy narrative chatter (ZK, FHE stuff) as a longer-term play.
On X, it's a mix of capitulation memes ("crypto is a scam" vibes from some), dip-buying calls ("buy when chicken littles squawk"), and farming airdrop/points grinds (Polymarket, Fhenix, etc.) to stay active.Bottom line: Extreme fear + flush-out phase = classic crypto setup where weak hands exit and strong ones accumulate. But short-term, it's brutal risk-off across risk assets. Not FA — markets volatile AF right now. You watching for a bounce or expecting more downside? What's your play in this mess?
#USIranStandoff
#VitalikSells
#CryptoNews

Onest, dacă ai deschis graficele în ultima vreme și te-ai gândit „de ce totul sângerează?” — da, același lucru.
La începutul zilei de 4 februarie, piața se simte grea. Nu dramatic, nu euforic — doar una dintre acele faze incomode, de scădere lentă, unde vânzătorii par să fie pretutindeni.

Bitcoin $BTC a fost cea mai afectată. A scăzut sub zona de $73k–$74k în unele sesiuni, ceea ce este cel mai scăzut nivel pe care l-am văzut din late 2024. În funcție de oră, a oscilat între mijlocul $70ks și $80ks scăzut, dar daunele sunt deja făcute. O mișcare de 5–10% în jos s-ar putea să nu pară nebunească în termeni de criptomonede, dar când se întâmplă repede — mai ales peste un weekend cu lichiditate scăzută — doare.

The cryptocurrency market experienced a significant crash yesterday (January 31, 2026, into early February 1), with Bitcoin dropping sharply below $80,000 (reaching lows around $76,000–$78,000 in some reports), Ethereum and other major altcoins falling even harder (often 10%+), and total crypto market cap losing hundreds of billions in value. Liquidations exceeded $1–2 billion in a short period, amplifying the downside through forced selling.This wasn't isolated to crypto—it tied into a broader risk-off move across global markets, including sharp drops in stocks (especially tech), precious metals like gold and silver (despite prior rallies), and rising bond yields/dollar strength.Key Reasons for the CrashMultiple overlapping negative catalysts hit at once, especially amplified by thin weekend liquidity:Trump's nomination of Kevin Warsh for Federal Reserve Chair — Announced recently, Warsh is viewed as a monetary hawk who favors tighter policy, higher real rates, and less liquidity. This shifted expectations away from easy money (which crypto thrives on) toward potential tighter conditions, hurting risk assets like Bitcoin. Many analysts called this the primary trigger for the accelerated sell-off.
Geopolitical tensions — Escalating U.S.-Iran risks (threats, explosions/port incidents, potential strikes/retaliation), plus other issues like Middle East conflicts (e.g., Israel-Gaza strikes) and trade/tariff threats. These pushed investors out of speculative assets toward safety.
U.S. government/political uncertainty — Including a brief government shutdown and related fears, which added to macro caution.
Heavy ETF outflows and deleveraging — U.S. Bitcoin spot ETFs saw massive outflows (hundreds of millions to billions recently), reducing spot demand. Leveraged positions got wiped out in cascades, with thin liquidity magnifying moves.
Broader market correlation — Crypto moved in tandem with equities (tech sell-offs) and even "safe-havens" like gold got hit in the rout. Bond yields spiked, hurting anything risk-sensitive.

In short, it was a classic "risk-off" panic fueled by macro/policy fears (hawkish Fed pick + geopolitics), with crypto's leverage and weekend thin trading turning it into a violent flush. Bitcoin is now down ~30–40% from 2025 peaks, and sentiment has turned very bearish short-term, though some see it as a potential capitulation/washout phase.Markets remain volatile—watch Fed-related news, geopolitics, and ETF flows for the next moves. This is based on real-time reports as of early February 1, 2026.
$SOL and #bnb was also dropped notebaly.
#cryptocrash

Yo frate, iată care este adevărul despre toată această panică care lovește CZ & Binance acum (ian '26):

Majoritatea este pur și simplu o scuza. Acea cascada de lichiditate 10/10 din oct '25? Prăbușirea macro din cauza tarifelor lui Trump a șters miliarde peste tot—nu este vina Binance. Da, prețurile interne pentru unele active precum USDe au mers aiurea în timpul haosului (s-au depegat doar pe Binance), declanșând lichidări suplimentare & lovituri ADL. E nasol pentru utilizatorii afectați, dar a fost un eveniment sălbatic la nivel de piață—efectul de levier a fost incredibil. Nu există dovezi că Binance a manipulat; au numit-o un "fantomă tehnică" și oamenii sunt încă supărați fără contextul complet.