Bitcoin extended its decline on Wednesday, sliding toward $69,000 after losing the $74,000 level and registering a daily loss of about 4%. More than $951 million in crypto positions were liquidated over the past 24 hours, with roughly $790 million in longs wiped out and Bitcoin and Ethereum accounting for the bulk of the damage.

On February 5, Bitcoin's price slipped to around $70,000, roughly 20% below an estimated $87,000 all-in production cost per coin, while network hashrate fell 12% from its October peak and miner profitability hit a 14‑month low. Daily mining revenue dropped to $28 million, the Miner Profit and Loss Sustainability Index slid to 21, and a roughly 14% downward difficulty adjustment is projected for February 8 as some operators redirect capacity to AI and spot ETF flows turn net negative in early 2026.

On February 5, 2026, Broadcom Inc. shares climbed 5.62% in premarket trading to $325.35 after Alphabet detailed sharply higher AI infrastructure spending. Google projected up to $185 billion in capital expenditures for 2026, nearly double the prior year, with significant funding earmarked for AI data centers and custom TPU chips built in partnership with Broadcom.

Toobit announced USDT‑settled stock futures to link traditional equities with the crypto ecosystem. The offering spans ten U.S. equities, including TSLA, NVDA and AAPL, and supports up to 25x leverage, long and short, and 24/7 trading. A 200,000 USDT reward campaign runs from February 2 to February 28, 2026.

Bitcoin fell below $71,000 and was trading near $70,500, while an analyst’s power-law model indicated a fair value of about $122,762, implying a 41% discount. The study highlighted rising leveraged positioning, elevated implied volatility above 43, and over $2.3 billion in futures and options open interest as signs of stress in derivatives markets.

India will begin exchanging crypto-asset transaction details under the OECD's CARF on 1 April 2027. Penalties effective 1 April 2026 set ₹200 per day for failing to file required statements and ₹50,000 for inaccurate submissions. The existing 30% tax on gains and 1% TDS on certain transactions remain unchanged.

Maxi Doge ($MAXI) is drawing attention as on-chain data from its presale shows $4,573,776.37 raised at a current token price of $0.0002802. Two whale wallets have reportedly committed $503K, including a single $252K transaction on Oct 11, 2025, signaling strong conviction. Positioning itself as a meme token built around high-leverage trading culture, the project combines trading competitions, a treasury-backed liquidity fund, and a staking pool allocating 5% of supply with daily rewards to encourage long-term holding. The broader market context of capital rotating from major caps into high-beta assets has helped $MAXI gain traction as traders seek speculative upside.

On February 5, 2026, Vitalik Buterin used X to criticise the trend of launching copy-paste EVM chains and basic layer-2 bridges with long withdrawal delays, warning that this approach could stall Ethereum's progress. He argued that developers should instead pursue genuinely new architectures, tighter technical integration with Ethereum, and app chains that provide real transparency rather than cosmetic Ethereum alignment.