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Hyperliquid’s HYPE token has climbed about 71% in the past two weeks to a recent high of $35, even as global risk assets lost roughly $6 trillion in early 2026. The perpetuals-focused DEX is seeing surging volume, buybacks and new products like HIP-3 RWAs and the upcoming HIP-4 outcome markets, while a Feb. 6 unlock of 9.92 million HYPE worth around $335 million looms as a key test.

Novo Nordisk A/S unexpectedly pre-released its 2026 outlook late Tuesday, projecting a sales decline of 5% to 13%. As of 10:23 AM EST on February 4, 2026, shares were off about 18% in Copenhagen and the ADS traded at $47.60, down 5.37%. Analysts cited U.S. pricing pressure, patent expiries, and competition as key headwinds.

Over the past month, XRP has dropped more than 26% in price, while its open interest on Binance has slid to $406 million, the lowest reading since November 2024. This reduction in leveraged positions is seen as a derivatives "reset" that may allow spot demand and on-chain activity to guide a potential trend reversal. At the same time, XRP's macro RSI has moved into the 45-50 zone that one analyst links to prior rebounds, and US spot XRP ETFs recorded $19.46 million of inflows on February 3rd.

On February 4, 2026, Bitcoin hovered near its weakest levels since Trump's election win, falling 15% in a week and nearly 20% over a month. Key figures including Bitget's Gracy Chen and Binance's CZ highlighted downside risks, while the Fear & Greed Index hit 17; SoSoValue reported Bitcoin ETF assets below $100 billion with notable fund outflows.

Over the past week, Dogecoin's on-chain activity strengthened, with Active Addresses up 36% to above 71,400, according to on-chain data. Meanwhile, DOGE traded within a descending channel, slipping below $0.117, testing $0.108, and holding above the $0.10 level, as traders weighed crowded longs and a Long/Short Ratio near 3.0 alongside negative funding around -0.0002%.

According to on-chain analyst Ali Martinez, Bitcoin's sharp swings between late January and early February 2026 have put the asset at risk of a 25% drop unless it climbs back above a key zone around $80,000. With BTC trading near $75,985 after rebounding from lows close to $73,000 on February 3, it remains below both the ETF cost basis of $82,600 and the 100-week SMA at $87,500, levels Martinez links to potential downside toward $57,000 and even $50,000 by March or April. He further projects the decline could extend to a possible cycle low around $38,000 in October if ETF inflows fail to improve.

Bloomberg Intelligence strategist Mike McGlone compares crypto market turbulence in 2025-26 with volatility during the 1929-30 U.S. stock market crash. He argues Bitcoin is acting as a high-beta liquidity gauge as BTC trades around $76,069 with double-digit percentage losses over the past week and month.

Bitcoin's RSI has slipped below 30 while price approaches the $73,000–$75,000 support band. According to the analysis, oversold readings can precede short-term rebounds, but they may also lead to consolidation or further weakness. Past references place this zone at a rally peak in early 2024 and a pullback low in April 2025.

On 4 February 2026, Binance expanded its SAFU insurance fund by purchasing 1,315 BTC valued at roughly $100.4 million, according to Arkham Intelligence. During the selloff, Bitcoin dipped below $73,000 and later hovered near $76,000, while 24-hour liquidations totaled roughly $681 million, with longs about $508 million and shorts near $173 million.

On February 4, 2026, AMD shares were down 7.12% to $224.88 in premarket trading after the company reported fourth-quarter 2025 results that topped forecasts. AMD posted $1.53 in EPS on $10.27 billion of revenue versus $1.32 and $9.67 billion expected, but its first-quarter 2026 revenue outlook of $9.8 billion, plus or minus $300 million, fell short of some investor hopes.