data<\/a> from Lookonchain showed that Ethereum co-founder Vitalik Buterin has sold 2,961.5 ETH (around $6.6 million) at an average price of $2,228 over the past three days.<\/p>\nBitcoin and Altcoins<\/h2>\n
Bitcoin (BTC) dropped roughly 10% on the day to around $65,700, extending its seven-day losses to nearly 21%. Among other major tokens, BNB slid 9% to $646, while XRP plunged nearly 20% to about $1.24. Solana (SOL) fell 12% on the day to trade near $82.<\/p>\n
\u201cBitcoin is now testing key technical support between $60,000 and $70,000, the base of the pre-election rally. A sustained break below this range would increase the risk of a more protracted move lower, while stabilization here would point to a corrective reset rather than a structural shift,\u201d Diana Pires, VP at sFOX, told The Defiant. <\/p>\n
Total cryptocurrency market capitalization declined to approximately $2.33 trillion, down about 10% over the past 24 hours. Trading activity during the same period totaled roughly $259.5 billion.<\/p>\n
A small number of tokens traded higher despite the broader downturn. Rain (RAIN) rose about 7% over the past 24 hours, while MYX Finance (MYX) gained 5.4%. MemeCore (M) added 1.6%.<\/p>\n
On the downside, XRP fell more than 16%, while Zcash (ZEC) dropped 15.4%. Monero (XMR) slid nearly 14%.<\/p>\n
Liquidations and ETF flows<\/h2>\n
More than $1.44 billion in leveraged positions were liquidated over the past 24 hours, according to CoinGlass, with long positions accounting for roughly $1.23 billion of that total.<\/p>\n
Bitcoin recorded the largest liquidations at about $738 million, followed by Ethereum at $338 million. Solana posted liquidations of around $77 million. In total, more than 304,000 traders were liquidated on the day.<\/p>\n
Spot Bitcoin ETFs recorded $544.9 million in net outflows on Feb. 4, while Ethereum ETFs saw $79.5 million in net outflows. Spot Solana ETFs recorded $6.7 million in net outflows. By contrast, spot XRP ETFs posted $4.8 million in net inflows. <\/p>\n
Tech Selloff Continues<\/h2>\n
Elsewhere, political developments are also weighing on digital assets, driven by uncertainty in Washington as lawmakers continue to negotiate key budget and immigration measures. <\/p>\n
Weakness in U.S. tech stocks has also placed pressure on the situation, contributing to a broader pullback across global markets.<\/p>\n
Meanwhile, gold prices have fallen 1.3% on the day, while silver dropped more than 9%, after hitting all-time highs recently.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
Bitcoin plunged under $66,000 while most altcoins cratered. Ethereum (ETH) traded under $2,000 on Thursday, Feb. 5, for the first time since May 2025, amid a broader sell-off across crypto markets. ETH fell about 10% over the past 24 hours to trade near $1,925, extending its weekly losses to 30%. Paul Howard, senior director at […]<\/p>\n","protected":false},"author":2,"featured_media":419085,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-419084","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/419084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=419084"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/419084\/revisions"}],"predecessor-version":[{"id":419086,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/419084\/revisions\/419086"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/419085"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=419084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=419084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=419084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}