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Fear-driven selling and lack of strong buying support are clearly visible across the market today
The cryptocurrency market is trading under heavy pressure on February 05, 2026. Most major digital coins are showing red numbers as selling activity stays strong across global exchanges. Total market value has dropped notably in the last 24 hours, showing weaker confidence among traders and investors.
Trading volume is also lower compared to recent weeks, which is adding more volatility to price movements. Fear-driven selling and lack of strong buying support is clearly visible across the market today.
Bitcoin Price Today
Bitcoin is currently trading at $71,136, showing a sharp decline of $5,427, or around 7.08%, from the previous close. During today’s session, Bitcoin touched a high of $76,663 and dropped to a low of $70,722 before showing a slight recovery. This price level is the lowest seen since late 2024.
The fall below key support zones has created more panic selling. Many leveraged positions were forced to close, which pushed prices even lower in a short time. Bitcoin dominance remains strong, but confidence around short-term recovery looks weak.
Ethereum Price Today
Ethereum price is also under strong selling pressure today. ETH is trading near $2,101, down by $177.48, or almost 7.79%, from its previous level. The coin moved between an intraday high of $2,286.52 and a low of $2,078. Ethereum has struggled to hold above the $2,100 mark for several sessions now. Weak demand and heavy liquidations in the futures market are making it hard for ETH to bounce back. Network activity stays stable, but the price action is clearly bearish at the moment.
Altcoins Performance Today
Altcoins are following the same downward path as Bitcoin and Ethereum. Major tokens like XRP and other mid-cap coins have posted noticeable losses. Smaller coins are falling even faster due to low liquidity and panic exits. The broad market sell-off shows that risk appetite is very low right now. Many traders are moving funds into stable assets or staying out of the market completely, waiting for clearer direction.
Reasons Behind Today’s Price Drop
The crypto markets experienced a major decline because of multiple massive liquidations that occurred throughout the entire market. The recent market event resulted in $2.5 billion worth of positions being deleted because traders used too much leverage.
Bitcoin spot ETFs, which previously supported prices, now experience strong outflows, which creates another problem. The current global situation, together with increasing interest rates and uncertain regulations in major crypto markets, creates negative effects on market behavior.
Current Crypto News Impact
Governments are currently conducting discussions about digital asset regulations while they establish improved data-sharing and compliance procedures. The market stability will benefit from these measures in the future, but currently, they create additional market uncertainty.
The pressure on traditional markets has increased while crypto prices now track technology stocks and other high-risk financial instruments.
Final Thoughts
The cryptocurrency market experiences significant selling activity today, February 5, 2026. Bitcoin trades at approximately $71,136 while Ethereum approaches $2,101, with most altcoins showing price declines. This decline occurred due to multiple heavy liquidations, ETF outflows, regulatory concerns, and worldwide economic stress.
The background development work for the long-term project progresses while the traders maintain their cautious approach to market conditions, which display unstable behavior today.