📉 Cryptocurrencies sink!

Carnage can be spotted on the cryptocurrency market today. Bitcoin slumping for the second day in a row and in spite of recovering part of losses, still trades around 12% lower today. Bitcoin is trading over 20% off a recent all-time high. A correction from the beginning of January saw price drop as much as 30%. A key level to watch can be found at $45,000, where the lower limit of the Overbalance structure can be found. Breaking below this level may herald a drop towards the previous local high in the $41,500 area.

Bitcoin drops around 12% today. The key support to watch can be found at the $45,000 mark. Source: xStation5

Other cryptocurrencies are also plunging today. Declines in some cases exceed 20%. Source: xStation5

Investors can use CFD contracts on cryptocurrencies to take long positions (if they expect price to rise) or short positions (if they expect price to fall).

6 February 2026, 6:56 AM

Morning wrap: Tech sector sell-off (06.02.2026)

5 February 2026, 3:45 PM

Technical analysis: Bitcoin deepens decline falling to $66.5k 📉

5 February 2026, 12:28 PM

🚨Bitcoin crashes 4% to $69k📉Sell-off on Ethereum and Ripple

5 February 2026, 11:08 AM

Chart of the day: BITCOIN 40% below recent peak 🚨 Eroding fundamentals risk selling spiral 📉

Crypto

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