At the Asia market open, Bitcoin fell more than 10% toward $64,000, marking its weakest level since late 2024 as selling swept through risk assets. Asia equities declined alongside crypto, and exchange-traded funds saw significant outflows in recent months. Broader volatility picked up across tech and precious metals amid risk-off sentiment.

On February 6 2026, Schwab President and CEO Rick Wurster reiterated that economic and financial prediction markets can support long-term investing, but sports betting does not fit the firm's mission. He indicated Schwab may use data from markets tied to indicators like inflation and employment to help clients react to major economic events, while leaving sportsbook-style products to platforms such as FanDuel and Robinhood. His comments come as U.S. regulators reassess event contracts and state authorities challenge sports-related offerings, even as trading volumes on platforms like Kalshi and Polymarket keep climbing.

Ethereum extended its drop under $2,000 and $1,950, with bears driving the price down toward a $1,744 low before a rebound attempt from around $1,750. The price now trades below $2,000 and the 100-hourly Simple Moving Average, with key resistance clustered near $2,050 and $2,200 and support highlighted around $1,850, $1,800 and $1,750. A sustained move above $2,200 could open the way to $2,350 and higher, while failure to clear $2,050 may trigger another decline toward $1,720 or even $1,680.

Bitcoin dropped to a low near $60,000 on Coinbase, with its price down 38% from the 2026 peak of $97,000 and roughly 50% below the all-time high of $126,000. The Crypto Fear & Greed Index fell to 9 out of 100 on Friday, its weakest reading since June 2022, while more than 588,000 traders saw $2.7 billion in positions liquidated in 24 hours, mostly leveraged Bitcoin longs.

A newly created wallet placed $4 million in USDC on Hyperliquid and opened a 3x leveraged short on Solana, aligning with a broader bearish market structure as SOL trades below key price levels. While price action remains confined in a descending channel with RSI near 23 and support around $90, derivatives data show top traders still heavily positioned long, creating a potential setup for further downside and long liquidations.

On February 5, Hyperliquid's HYPE token climbed 6.2% after the project confirmed an integration with Ripple's technology stack, helping it outperform a broadly weaker crypto market. Over the same 24-hour period, XRP slid close to 11% amid risk-off sentiment, derivatives liquidations, and pressure on other major altcoins, even as Ripple-related developments supported other areas of the ecosystem.

Bitcoin extended its slide to a $60,500 low after failing to hold above $72,000, dropping over 10%. It now trades below $68,000 and the 100 hourly simple moving average, with resistance at $66,000 and $67,200. A failure below $62,500 and $61,200 could send price back to $60,500 and the $60,000 support.

Zcash traded around $245 after losing the $300 support level, with price action drifting toward the $240–$244 area that now forms a key short-term floor. If this zone fails to hold, the next potential downside region sits in the $200–$210 band, while any rebound faces resistance between $260 and $280 and a major hurdle at $300.