The past few weeks have been anything but dull in the cryptocurrency markets. Unfortunately for the bulls, it\u2019s not in their favor.<\/p>\n
It all began last Saturday. Bitcoin had finally recovered some ground following the previous crash to $81,000 and stood around $83,000-$84,000, which was rather unusual as the two largest precious metals \u2013 assets known for their stability \u2013 crashed on Friday by double digits.<\/p>\n
This heightened volatility reached BTC on Saturday when it dumped from $84,000 to under $76,000. The bulls tried to intervene, but all they could do was help BTC recover slightly to $79,000. The asset was quickly rejected<\/a> there and dipped below $74,000 on Monday. The same failed rebound scenario repeated, and the bears took complete control of the market in the following days.<\/p>\n The culmination, at least for now, transpired<\/a> yesterday. Another brutal sell-off drove the largest digital asset down to $60,000. As such, BTC not only erased all gains charted after Trump\u2019s reelection victory in late 2024, but it actually dumped to under the levels from back then. Strategy\u2019s bitcoin positions went deep in the red as the cryptocurrency dropped by $30,000 in just over a week.<\/p>\n The reasons behind this calamity may vary and are still debated by analysts. From rising geopolitical tensions to the new Fed Chair to excessive leverage in the markets. The fact is, though, the overall crash on Thursday alone wiped out<\/a> more than $2.6 billion in leveraged positions.<\/p>\n Despite rebounding to $67,000 as of press time, BTC is still nearly 20% down weekly. Many altcoins have produced even more significant declines, such as ETH (-28%), BNB (-23%), LINK (-21%), XMR (-26%), and others. HYPE, on the other hand, continues to defy the overall trend and has soared by 19% within the same timeframe.<\/p>\n <\/a>Cryptocurrency Market Overview Weekly Feb 6. Source: QuantifyCrypto<\/p>\n Market Cap: $2.38T | 24H Vol: $360B | BTC Dominance: 56.6%<\/p>\n BTC: $67,200 (-18.4%) | ETH: $1,950 (-28.3%) | XRP: $1.43 (-20%)<\/p>\n Institutional Exit? US Investors Are Dumping ETH at a Record Rate<\/strong>. Even before Ethereum\u2019s most significant decline to under $1,800, reports claimed<\/a> that US-based investors had intensified the selling pressure, which was evident from the declining ETH Coinbase Premium Index.<\/p>\n Roubini Predicts a \u2018Crypto Apocalypse\u2019 Amidst Bitcoin\u2019s Plunge Under Trump-Era Policies<\/strong>. These times of pure uncertainty and price calamity are the perfect opportunity for industry haters, such as Nouriel Roubini, to lash out again. Recently, the economist predicted<\/a> a \u201ccrypto apocalypse,\u201d explaining that the evolution of money and payments will be a gradual process, instead of the quick revolution promised by crypto advocates.<\/p>\n Michael Burry Warns Bitcoin Treasury Firms Face Existential Risk as BTC Slide Deepens<\/strong>. Michael Burry also spoke out after years of silence, warning<\/a> that Bitcoin Treasury Companies could soon face liquidation threats if the cryptocurrency\u2019s price declines continue.<\/p>\n Crypto Winter Has Been Here Since January 2025, But Recovery May Be Closer Than You Think<\/strong>. Despite the multiple new all-time highs registered by BTC last year before October, Bitwise\u2019s CIO, Matt Hougan, recently asserted<\/a> that the asset has been in a bear market since January 2025. More optimistically, though, he noted that the end may be closer than you expect.<\/p>\n Tom Lee Shrugs Off ETH Sell-Off, Says Fundamentals Don\u2019t Match Falling Prices<\/strong>. Tom Lee, who has perhaps the largest exposure to ETH through Bitmine, dismissed the recent asset decline. Although Bitmine\u2019s position is deep in the red, Lee said<\/a> ETH\u2019s crashing price doesn\u2019t reflect the strong fundamentals behind the token and the network.<\/p>\n Bitcoin Trading at 41% Discount, Power-Law Model Shows $122K Fair Value<\/strong>. Basing their analysis using the power-law valuation model, market commentator David put<\/a> BTC\u2019s fair value at just under $123,000. If true, this would mean that the cryptocurrency currently trades with a massive discount of roughly 50%.<\/p>\n The post Bitcoin Erases Post-Trump Election Gains, Altcoins Crash by Double-Digits: Your Weekly Crypto Recap<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The past few weeks have been anything but dull in the cryptocurrency markets. Unfortunately for the bulls, it\u2019s not in their favor. It all began last Saturday. Bitcoin had finally recovered some ground following the previous crash to $81,000 and stood around $83,000-$84,000, which was rather unusual as the two largest precious metals \u2013 assets […]<\/p>\n","protected":false},"author":0,"featured_media":133147,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-133146","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/133146"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=133146"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/133146\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/133147"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=133146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=133146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=133146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Market Data<\/h2>\n
This Week\u2019s Crypto Headlines You Can\u2019t Miss<\/h2>\n
![<\/a>Cryptocurrency Market Overview Weekly Feb 6. Source: QuantifyCrypto<\/p>\nMarket Cap: $2.38T | 24H Vol: $360B | BTC Dominance: 56.6%<\/p>\nBTC: $67,200 (-18.4%) | ETH: $1,950 (-28.3%) | XRP: $1.43 (-20%)<\/p>\nThis Week\u2019s Crypto Headlines You Can\u2019t Miss<\/h2>\nInstitutional Exit? US Investors Are Dumping ETH at a Record Rate<\/strong>. Even before Ethereum\u2019s most significant decline to under $1,800, reports claimed<\/a> that US-based investors had intensified the selling pressure, which was evident from the declining ETH Coinbase Premium Index.<\/p>\nRoubini Predicts a \u2018Crypto Apocalypse\u2019 Amidst Bitcoin\u2019s Plunge Under Trump-Era Policies<\/strong>. These times of pure uncertainty and price calamity are the perfect opportunity for industry haters, such as Nouriel Roubini, to lash out again. Recently, the economist predicted<\/a> a \u201ccrypto apocalypse,\u201d explaining that the evolution of money and payments will be a gradual process, instead of the quick revolution promised by crypto advocates.<\/p>\nMichael Burry Warns Bitcoin Treasury Firms Face Existential Risk as BTC Slide Deepens<\/strong>. Michael Burry also spoke out after years of silence, warning<\/a> that Bitcoin Treasury Companies could soon face liquidation threats if the cryptocurrency\u2019s price declines continue.<\/p>\nCrypto Winter Has Been Here Since January 2025, But Recovery May Be Closer Than You Think<\/strong>. Despite the multiple new all-time highs registered by BTC last year before October, Bitwise\u2019s CIO, Matt Hougan, recently asserted<\/a> that the asset has been in a bear market since January 2025. More optimistically, though, he noted that the end may be closer than you expect.<\/p>\nTom Lee Shrugs Off ETH Sell-Off, Says Fundamentals Don\u2019t Match Falling Prices<\/strong>. Tom Lee, who has perhaps the largest exposure to ETH through Bitmine, dismissed the recent asset decline. Although Bitmine\u2019s position is deep in the red, Lee said<\/a> ETH\u2019s crashing price doesn\u2019t reflect the strong fundamentals behind the token and the network.<\/p>\nBitcoin Trading at 41% Discount, Power-Law Model Shows $122K Fair Value<\/strong>. Basing their analysis using the power-law valuation model, market commentator David put<\/a> BTC\u2019s fair value at just under $123,000. If true, this would mean that the cryptocurrency currently trades with a massive discount of roughly 50%.<\/p>\nThe post Bitcoin Erases Post-Trump Election Gains, Altcoins Crash by Double-Digits: Your Weekly Crypto Recap<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"The past few weeks have been anything but dull in the cryptocurrency markets. Unfortunately for the bulls, it\u2019s not in their favor. It all began last Saturday. Bitcoin had finally recovered some ground following the previous crash to $81,000 and stood around $83,000-$84,000, which was rather unusual as the two largest precious metals \u2013 assets […]<\/p>\n","protected":false},"author":0,"featured_media":133147,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-133146","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/133146"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=133146"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/133146\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/133147"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=133146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=133146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=133146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/02\/Screenshot-2026-02-06-155353.png\"){kind=link}