Crypto Bloodbath Continues: ETH Plunges 7%, Bitcoin Breaks Below $75K Support - Feb 02, 2026

Digital asset markets extend their sell-off as major cryptocurrencies face mounting pressure.

Ethereum Leads the Decline

Ether takes the hardest hit, slashing over 7% from its value in a single session. The drop erases recent gains and pushes the second-largest crypto back toward key technical levels traders were watching.

Bitcoin's Critical Level Fails

The flagship cryptocurrency couldn't hold the line, dipping below the psychologically important $75,000 mark. The breach signals weakening momentum and triggers automated sell orders across major exchanges.

Market-Wide Pressure

The downturn isn't isolated. The broader crypto complex feels the heat as risk appetite evaporates. Altcoins, typically more volatile, face even steeper percentage losses in the rout.

What's Driving the Sell-Off?

A perfect storm of factors: regulatory murmurs from traditional finance watchdogs, profit-taking after a strong January, and that old market favorite—sheer sentiment reversal. Some analysts point to leveraged positions getting liquidated, accelerating the downward move.

The Silver Lining?

For the true believers, this is just another buying opportunity in a long-term bull market—a chance to 'buy the dip' before the next leg up. For everyone else, it's a stark reminder that crypto moves fast in both directions. After all, what's a 7% drop between friends when you're used to triple-digit annual volatility? Just another day at the office for digital gold, where the only thing more predictable than the technology is the market's unpredictability.