On January 31, the U.S. Department of Justice released a new batch of Jeffrey Epstein documents that referenced Blockstream co-founders Adam Back and Austin Hill in 2014 email exchanges about an $18 million seed round. The emails described an oversubscribed allocation and travel plans involving Epstein, while Adam Back has stated on X that Blockstream has no direct or indirect financial relationship with Epstein or his estate and that a fund linked to Joi Ito later divested its minority stake.

On 2 February 2026, Bitcoin traded near $78,000 after losing the $80,000 level, as risk assets broadly weakened. Farside Investors reported roughly $1.5 billion in net outflows from US-listed spot Bitcoin ETFs last week, adding pressure. Raoul Pal attributed the drawdown to a short-lived US liquidity crunch and projected a stronger backdrop into 2026.

On January 27, the Sverdlovsk Regional Arbitration Court opened observation for Fox Group, which owns 98% of BitRiver's management unit, following a $9.2 million claim by En+'s Infrastructure of Siberia. The action puts Russia's largest Bitcoin miner at risk of insolvency amid an equipment-delivery dispute, regional mining bans, energy payment conflicts, and CEO Igor Runets's recent detention on tax-evasion charges.

On February 2, 2026, Strategy disclosed the purchase of 855 BTC for about $75.3 million at an average $87,974 per coin. As of February 1, 2026, the company reports holding 713,502 BTC, acquired for roughly $54.26 billion at an average $76,052 per bitcoin.

As Bitcoin’s price slipped below $75,000, Michael Saylor’s company Strategy moved into an unrealized loss of more than $900 million on its 712,647 BTC, acquired at an average of $76,037 per coin. Despite the drawdown and a daily low under $75,000, Strategy’s stock MSTR closed 4.6% higher at $149.71 while analysts noted the firm’s holdings face no immediate liquidation risk.

On Monday, Bitcoin dropped below $75,000 to its weakest level since April 2025 amid a sharp, cross-asset sell-off. According to market data, natural gas plunged 15.5% in a single day, while silver fell 8% and gold slid 5.5%, with Bitcoin down about 13% over the past week and roughly 40% from its October 2025 peak. The downturn has wiped out hundreds of billions from crypto valuations in two weeks, as analysts point to liquidity and leverage rather than a single macro catalyst.

On February 1, 2026, Jim Cramer said buyers would "come in all at once" to push Bitcoin toward $82,000 while it hovered near $77,000. Within hours, BTC slipped below $77,000 and then under $76,000, according to recent price data. Later charts showed $78,051.62, with daily, weekly, and monthly declines of 0.3%, 11.1%, and 13%.

After Bitcoin plunged to a new low around $76,000 on January 31, 2026, analyst Tyrex argued that the move confirmed a bearish breakout and advised traders not to go long. He compared the latest drawdown to previous structural breaks in May 2021, May 2022, and June 2022, saying a swift rebound toward $85,000 is unlikely. Tyrex instead expects further downside toward the $75,400 zone and highlights $74,000 as a key but potentially fragile weekly support, roughly mirroring a major level near $2,100 on Ethereum.