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5 Feb 2026, 11:47

Why Is Crypto Down Today? – February 5, 2026

The crypto market is down today, posting a notable decrease. It fell 6.4% over the past 24 hours to $2.49 trillion. Moreover, 92 of the top 100 coins saw their prices drop. Also, the total crypto trading volume stands at $216 billion, higher than what we’ve been seeing over the past few days. TLDR: Crypto market cap is down 6.4% on Thursday morning (UTC); 92 of the top 100 coins and all top 10 coins have decreased; BTC decreased by 7% to $70,884, and ETH fell 1.7% to $2,281; ‘It’s clear the crypto market is now in full capitulation mode’; ‘This is no longer a short-term correction, but a transition from distribution to reset’; It’s Bitcoin OGs who are doing most of the selling; For a global stablecoin ecosystem to thrive, banks must be part of it; Bhutan moved over $22 million in BTC out of sovereign wallets in a week; BitMine faces $7 billion in unrealized loss; US spot BTC and ETH ETFs posted outflows of $544.94 million and $79.48 million, respectively; Crypto market sentiment drops to the lowest level in two months. Crypto Winners & Losers On Thursday morning (UTC), all top 10 coins per market capitalisation have recorded price falls. Bitcoin (BTC) dropped by 7%, now trading at $70,884. Bitcoin (BTC) 24h 7d 30d 1y All time Ethereum (ETH) is down 7.7%, now changing hands at $2,097. The highest decrease in the category is 10.6% by XRP (XRP) , now standing at $1.43. It’s followed by Binance Coin (BNB)’s fall of 9.1% to the price of $691. Furthermore, of the top 100 coins per market cap, 92 have posted price drops today. Three of these saw double-digit pullbacks, including XRP. Zcash (ZEC) fell 12% to $245.81, while Morpho (MORPHO) decreased by 10.9% to $1.17. At the same time, Hyperliquid (HYPE) is the category’s best performer, having increased by 3.2% to $34.3. A7A5 (A7A5) is next. It appreciated 2% to the price of $0.01283. Meanwhile, the Royal Government of Bhutan has moved over $22 million in BTC out of sovereign wallets over the past week alone. This triggered speculation over possible sell-offs. Arkham noted that “from our observations, Bhutan periodically sells BTC in clips of around $50M, with a particularly heavy period of selling around mid-late September 2025.” Bhutan is selling Bitcoin. pic.twitter.com/WDuUQmBZsU — Arkham (@arkham) February 4, 2026 ‘Bitcoin Capitulation’ Nic Puckrin, investment analyst and co-founder of Coin Bureau , commented that “as Bitcoin continues its slide toward the psychological barrier of $70,000, it’s clear the crypto market is now in full capitulation mode. “If previous cycles are anything to go by, this is no longer a short-term correction, but rather a transition from distribution to reset – and these typically take months, not weeks.” Puckrin now expects BTC to fight to defend the $70,000 threshold. If it breaks below, it could be heading for its bear market low around $55,700-$58,200. Moreover, Bitcoin whales are going for large-scale selling. Institutional outflows are increasing. Yet, while Bitcoin ETFs are seeing negative flows, the majority of ETF holders are sitting on paper losses, while Bitcoin OGs are doing most of the selling, per Bloomberg data. “This is Bitcoin’s institutionalisation in action,” the analyst says. Meanwhile, Puckrin also commented on the regulatory situation in the US, specifically when it comes to the much-anticipated Clarity Act. “The rumours that crypto firms are discussing a stablecoin compromise for the Clarity Act that would involve community banks are a clear sign that it is no longer an ‘us versus them’ situation.” For a global stablecoin ecosystem to thrive, banks must be part of it. Therefore, “involving community banks is a smart move – both politically and economically.” Puckrin argues that community banks are more vulnerable to deposit flight but are nimbler and more open to innovation than larger institutional banks. “They also carry real influence within Washington,” he says. “Turning them from an obstacle to part of the solution may well be the missing piece of the puzzle here.” Levels & Events to Watch Next At the time of writing on Thursday morning, BTC was trading at $70,884. The price saw a relatively gradual decrease from the intraday high of $76,472 to the intraday low of $70,119. Over the past 7 days, BTC saw its price decrease by 19.3%. The highest point it recorded in this timeframe is $88,269. Now that the price approached the $70,000 level, the critical floor stands at $68,400. A fall below this level would lead to $65,500. If it manages to reclaim $72,000 and the support-turned-resistance at $83,598, BTC could shift to a more bullish path. Bitcoin Price Chart. Source: TradingView At the same time, Ethereum was changing hands at $2,097. The price decreased from $2,278 to $2,077 in a single day. It is now dangerously close to dropping below the $2,000 mark. ETH is also down 28.8% over the past week. It moved between $2,083 and $2,947. Another day of pullbacks would take ETH to the $1,990 level, followed by $1,930 and $1,850. Should it manage to reclaim the $2,250 and $2,320 levels, it could negate the bearish trend and move towards $2,500 and higher. Ethereum (ETH) 24h 7d 30d 1y All time Moreover, the crypto market sentiment keeps falling lower within the extreme fear zone. The crypto fear and greed index now stands at 11 , down from 14 seen a day ago. This is the lowest level since 22 November 2025. Sentiment reflects the market instability and volatility, as well as increasing general uncertainty. Yesterday’s minor increase in prices did nothing to abate fear among market participants. ETFs See Another Day of Negative Flows The US BTC spot exchange-traded funds (ETFs) closed the Wednesday session lower, with $544.94 million in negative flows. With this, the total net inflow fell below $55 billion to the current $54.75 billion. Six of the twelve ETFs posted negative flows, and none saw inflows. BlackRock let go of $373.44 million on 4 February. Fidelity recorded outflows of $86.44 million, followed by Grayscale’s $41.77 million. Additionally, the US ETH ETFs saw outflows on Wednesday as well, letting go of $79.48 million . The total net inflow decreased to $11.91 billion. Of the nine funds, only two posted any flows, both negative. BlackRock let go of $58.95 million, followed by Fidelity’s $20.53 million in outflows. Meanwhile, BitMine Immersion Technologies , the Ethereum-treasury company led by Fundstrat’s Tom Lee, is facing massive unrealized loss after a sharp drop in ETH prices. As of 5 February, BitMine holds roughly 4.285 million ETH with a paper loss exceeding $7 billion, -45% on its holdings. ETH just fell below $2,100. Tom Lee( @fundstrat )'s #Bitmine holds 4,285,125 $ETH ($8.42B) and is now sitting on over $7B in losses. https://t.co/7zjVRSk2ZO pic.twitter.com/jY96F0QpP9 — Lookonchain (@lookonchain) February 4, 2026 Quick FAQ Did crypto move with stocks today? The crypto market recorded another pullback in the last day. Also, the US stock market closed the Wednesday session lower, with some exceptions. By the end of trading on 4 February, the S&P 500 was down 0.51%, the Nasdaq-100 decreased by 1.77%, and the Dow Jones Industrial Average rose by 0.53%. Is this drop sustainable? Short answer, yes. Longer answer: The prices are currently still trending lower. Yet, strong macroeconomic and geopolitical forces can still affect the market. The problem is, we can’t currently say in which direction. You may also like: (LIVE) Crypto News Today: Latest Updates for February 5, 2026 The crypto market is down today, posting a notable decrease. It fell 6.4% over the past 24 hours to $2.49 trillion. Moreover, 92 of the top 100 coins saw their prices drop. Also, the total crypto trading volume stands at $216 billion, higher than what we’ve been seeing over the past few days.Crypto Winners & LosersOn Thursday morning (UTC), all top 10 coins per market capitalisation have recorded price falls.Bitcoin (BTC) dropped by 7%, now trading at $70,884.Ethereum... The post Why Is Crypto Down Today? – February 5, 2026 appeared first on Cryptonews .

5 Feb 2026, 11:45

Aragon Launches Verifiable Framework to Evaluate Crypto Tokens on Fundamentals

Aragon has launched a new framework and public dashboard designed to help users assess what rights a crypto token actually grants its holders, as ongoing questions persist across the industry around token utility, governance power and whether value flows are real or merely implied. The release includes the Ownership Token Framework and a companion product, the Ownership Token Dashboard, which publishes structured ownership profiles for selected tokens. At launch, the dashboard features profiles for Uniswap (UNI), Curve (CRV), Lido (LDO), Aerodrome (AERO) and Aave (AAVE). Aragon said additional tokens will be added on a rolling basis. The initiative targets a recurring issue in crypto markets: many tokens trade on narratives about ownership, control or future fee capture without a consistent way to verify whether those rights are actually implemented in deployed systems. “Smart contracts make it possible to encode and enforce economic rights directly in code, but those rights only exist where systems actually implement that control plane,” Aragon CEO Anthony Leutenegger said. “When ownership is discretionary or unverifiable, tokenholder exposure becomes a matter of trust.” Tokens can only be evaluated on fundamentals when they have enforceable claims on value and capital flows.Today we're releasing the Ownership Token Framework, measuring how project fundamentals map to the token by evaluating ownership, value accrual, and verifiability. pic.twitter.com/FeXwOzi3pi — Aragon.eth 🦅 (@AragonProject) February 4, 2026 A push for measurable standards Aragon said the framework is intended to provide a common reference point for evaluating token fundamentals using verifiable onchain and offchain evidence, rather than assumptions or marketing claims. The company cited a CoinGecko study that found 11.6 million tokens failed in 2025, representing roughly 86% of recorded token failures between 2021 and 2025. While token failures can stem from a range of factors — including liquidity conditions, market structure and speculative launches — Aragon said the figure highlights the need for clearer tools to distinguish between tokens with enforceable rights and those that depend largely on expectations. The framework focuses narrowly on whether tokenholder rights are implemented and provable, rather than on market performance or popularity. What the framework evaluates According to Aragon, the Ownership Token Framework assesses tokens across four core categories including onchain control, value accrual, verifiability, and token distribution. The framework also highlights offchain dependencies such as governance processes, upgrade authorities or operational structures outside smart contracts — that could introduce incentives misaligned with tokenholder interests. Aragon said the goal is not to “grade” projects, but to document control and value mechanics in a structured, evidence-based format. Dashboard links assessments to evidence The Ownership Token Dashboard applies the framework by presenting token profiles backed by continuously updated onchain and offchain data. Each profile links to supporting evidence, including deployed smart contracts, governance execution paths, value routing mechanisms and relevant offchain structures. Aragon said the initial set of profiles was developed with input from the protocol teams featured on the dashboard. While the approach aims to reduce third-party guesswork, the accuracy of profiles will still depend on how frequently they are updated as protocols change contracts, permissions or governance processes. Aragon said the framework and dashboard were reviewed by governance, legal and policy experts focused on onchain systems and digital asset structures, particularly to assess how ownership and control function after token launches. Miles Jennings, general counsel at a16z crypto, said the framework helps clarify who retains power post-launch and what risks may arise from “hidden dependencies.” Not an investment advice Aragon emphasized that the framework and dashboard do not constitute legal, financial or investment advice. Even with improved disclosure, tokenholders still face persistent risks, including concentrated onchain control, low governance participation, smart contract vulnerabilities and valuations disconnected from value accrual mechanisms. Regulatory scrutiny also continues to shape how tokens are issued and marketed across jurisdictions. The framework’s focus, Aragon said, is strictly on whether rights and value mechanisms exist and can be verified, not on whether a token represents a good or bad investment. What comes next? The launch comes as crypto markets mature and calls grow louder for clearer standards around token design and disclosure. If widely adopted, the framework could influence how teams communicate tokenholder rights and how analysts and researchers compare tokens beyond price performance. For now, Aragon’s dashboard covers five large DeFi tokens. Whether it evolves into a broader industry reference point may depend on how consistently it is maintained, how widely it expands and whether market participants come to treat “verifiable ownership” as a baseline expectation rather than a niche analytical lens. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

5 Feb 2026, 11:45

Google turns AI struggles into industry dominance in just one year

Google’s parent company is now winning praise from Wall Street for its artificial intelligence efforts, a major change from just one year ago when investors worried the tech giant was falling behind its competitors. Alphabet executives showed fresh confidence during their earnings call on Wednesday, held after the company launched Gemini 3, a new AI model that has impressed users and helped Google close the gap in the race to develop artificial intelligence technology. Without naming OpenAI directly, company leaders highlighted an important difference between the two firms: their AI spending has started producing financial gains throughout the entire business. Gemini app reaches 750 million monthly users This reasoning helped Alphabet defend plans to potentially increase capital spending to as much as $175 billion to $185 billion in 2026. That amount would be roughly double what the company has spent before, driven mainly by huge investments in computing systems needed to run AI programs. In previous earnings discussions about AI during 2025, Alphabet had talked mostly about product usage numbers and money earned through its cloud computing division. “Overall, we’re seeing our AI investments and infrastructure drive revenue and growth across the board,” CEO Sundar Pichai told investors on the call. The company’s renewed confidence about making money from AI comes from gains in both consumer products and business services. Pichai revealed that the Google Gemini app, which goes head-to-head with OpenAI’s ChatGPT, had more than 750 million people using it each month by the end of the December quarter. That number was up from 650 million users at the end of the previous three-month period. However, ChatGPT still has more users. OpenAI CEO Sam Altman said in October that ChatGPT had passed 800 million people using it each week. “We are also seeing significantly higher engagement per user, especially since the launch of Gemini 3,” Pichai added. Google has built Gemini 3 into “AI Mode” in its search engine and uses the technology to run the business version of Gemini. Pichai said during the call that this enterprise product now has 8 million paying customers. Stock rebounds as cloud revenue surges The massive spending forecast initially worried investors, causing the stock price to drop as much as 6% in trading after regular market hours. But strong results from the cloud division, which saw revenue jump 48% in the December quarter, and AI-driven improvements across other parts of the business quickly restored Wall Street’s faith that Google’s AI bets are starting to work. Google Cloud growth crushes Wall Street estimates. Source: Company Statements – Deborah Sophia – Reuters . The stock recovered from the initial drop and ended after-hours trading unchanged, supporting a messag e Wa ll Street has been sending to technology companies: big AI spending can only continue if companies show they’re making real money from it. Over the past year, Alphabet has moved from the back of the pack to the front among the “Magnificent Seven” group of large technology companies. The company now joins only Nvidia and Apple as firms worth more than $4 trillion. Meanwhile, Microsoft’s stock took a major hit last week, partly because of growing worries about how much the company depends on OpenAI . Despite speaking more cautiously about spending for the year ahead, Microsoft said its spending in the fiscal third quarter would decrease from the record $37.5 billion it spent during the October through December period. Financial experts pointed out that this difference in how the market responded shows changing investor attitudes. People who buy stocks now prefer companies that have built their own AI systems rather than those relying on outside partners. While Microsoft deals with its complicated relationship with OpenAI, Alphabet’s unified strategy across search, cloud services, and consumer products gives a clearer picture of how the company will make money over time. The company’s ability to use its large existing customer base to roll out Gemini 3 also suggests it has an edge in bringing new technologies to market quickly. As the industry enters the next stage of AI development, Alphabet seems ready to keep moving forward through solid execution and smart use of resources. Claim your free seat in an exclusive crypto trading community - limited to 1,000 members.

5 Feb 2026, 11:44

'Big Short' Micheal Burry spots 2022 vibes in bitcoin crash

The ‘Big Short’ investor compared the current slide with a one-time past cycle breakdown that saw BTC lose nearly half its value before stabilizing.

5 Feb 2026, 11:42

Bitcoin continues downward spiral, briefly falls below $70K

More on Bitcoin Risk-Off Flows And A Tech/AI Panic - Market Reactions Bitcoin Breaks $80,000; Altcoins Suffer - BTC, ETH And SOL Outlook How U.S. Trade Policy Could Delay Bitcoin's Reversal Bitcoin volatility will persist as the crypto tests critical price levels – Citi’s Saunders Is Bitcoin seeing the end of the ‘Tinkerbell effect?' – Deutsche Bank

5 Feb 2026, 11:42

US ETFs Sell Half a Billion as Bitcoin Touches $70,000

Bitcoin has fallen to its lowest level in more than a year in three weeks of red that have brought its price to $70,600 as of writing.