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Bitcoin continued to dominate trading volume, but price movement was slow and uncertain
The cryptocurrency market opened with a weak tone after heavy selling was seen during the last two days. Traders showed caution as global markets stayed unstable and regulatory news added pressure. Total crypto market value slipped slightly compared to late January highs, showing that investors moved funds into stablecoins and low-risk assets.
Bitcoin dominated the digital asset space through its trading volume, but price movement was slow and uncertain. Many short-term traders withdrew investments, waiting for clearer signals from policy updates and regulatory entities.
Bitcoin and Ethereum Performance
Bitcoin traded near the range of $76,000 to $79,000 in the early hours of February 4. Earlier in the week, Bitcoin was seen close to $78,600 on February 2 before falling lower due to sudden sell pressure. This drop was linked with reduced liquidity and profit booking by large holders.
Ethereum also faced a decline and was trading around $2,270 on February 4. ETH stayed far below its highs from 2024 and 2025. Trading volumes in Ethereum have decreased, indicating lower interest from short-term traders. Support level remains between $2,100 and $2,200, while resistance stayed near $2,400 to $2,700.
Altcoins and Market Breadth
Altcoins showed more weakness than Bitcoin and Ethereum. Smaller and speculative tokens saw sharper losses as investors avoided risk. Meme coins and low-cap projects recorded heavy selling, while major stablecoins were used more for on-chain transfers and settlements.
Overall crypto market capitalization was lower than the peak seen earlier in January. Bitcoin dominance increased, meaning more money stayed in BTC instead of altcoins.
Regulatory and Policy News
Regulatory news played a key role in shaping today’s prices. A recent White House meeting with crypto industry leaders and banks failed to reach an agreement on digital asset laws. Important topics like stablecoin rewards and interest treatment were not solved. This delay kept the future of US crypto legislation unclear and created fear among investors.
Outside the United States, several countries issued new guidance on tokenized securities and stablecoins. These updates forced exchanges and custody providers to review their rules and compliance systems. In some regions, stricter tax and reporting rules were announced, increasing pressure on crypto businesses. Such actions raised operational costs and slowed institutional activity in some markets.
Macro and Global Impact
Global financial conditions also affected crypto prices. Technology stocks weakened, and the US dollar became stronger, which puts pressure on digital assets. Bitcoin showed a higher correlation with stock markets during this period.
When equity markets dropped, crypto tokens followed the same direction. This behavior confirmed that cryptocurrencies are still treated as a risk asset in uncertain times.
Technical Levels and Market Outlook
From a technical view, Bitcoin support was seen in the low $70,000 range, while resistance stayed between $82,000 and $85,000. Ethereum faced resistance around $2,400 and above, with strong support near $2,100.
Looking ahead, key events for the rest of February include possible progress on US crypto laws, new inflation and interest rate data, and changes in staking or exchange withdrawal activity. Any positive regulatory signal could bring a short relief rally, while negative headlines may cause more selling.