According to the XRP/USD hourly chart (data source from Kraken), XRP extended losses under $1.550 and then attempted a rebound from the $1.50 area. The pair trades below $1.620 and the 100-hourly Simple Moving Average, with resistance seen near $1.650 and the $1.70 region.

Digital asset investment products recorded $1.7 billion of weekly outflows, leaving year-to-date net outflows at $1 billion. Assets under management have declined by $73 billion since October 2025 highs, with Bitcoin, Ethereum and other majors seeing withdrawals while short Bitcoin funds drew $14.5 million.

According to data released on February 3, 2026, South Korea's January headline and core inflation each slowed to 2%, aligning with the Bank of Korea's target. The central bank kept its policy rate at 2.5% while economists noted lingering foreign-exchange volatility and price pressures from food and housing.

According to Bitwise's latest Weekly Crypto Market Compass, Bitcoin's price slump driven by heavy crypto ETP outflows and widespread futures liquidations has pushed key valuation metrics into rarely seen discount territory. The report notes that BTC briefly dropped to about $74,700, with nearly 78% of invested capital estimated to be underwater, while sentiment and positioning indicators suggest an increasingly contrarian setup for the broader crypto market.

In a Feb. 1 analysis, CryptoQuant CEO Ki Young Ju argued that Bitcoin’s recent decline is driven by persistent selling pressure and a lack of new capital, as signaled by a flat Realized Cap and weakening liquidity. He said a full-cycle style 70% crash would likely require MicroStrategy to shift from aggressive accumulation to substantial selling, while other on-chain data from CryptoQuant contributors show stablecoin market growth has reversed since December and exchange inflows have faded. At press time, BTC was trading at $78,280 amid what Ki expects could become a broad sideways consolidation phase rather than an immediate capitulation.

SpaceX said it will merge with xAI, aligning Elon Musk's AI startup with the aerospace company to pursue orbital data centers and off-Earth AI infrastructure. Tesla previously disclosed a $2 billion purchase of xAI preferred stock, while questions remain about how the combination could influence any future SpaceX listing.

On Monday, Tether released MiningOS, an open-source and modular Bitcoin mining operating system designed for users ranging from home miners to large institutions. The software, first outlined in plans from June last year, aims to simplify and scale mining while reducing reliance on costly proprietary vendors.

In Q1 2026, Ether (ETH) is down 21% — its third-weakest first quarter — according to CoinGlass, but Fundstrat’s Tom Lee argues the pullback looks attractive amid strengthening fundamentals. He points to record network activity and says weakness stems from leverage not returning since the Oct. 10 crash and capital rotating to precious metals; Lee also noted BitMine bought 41,788 ETH last week.