On 6 February 2026, Santiment introduced a screener that ranks leading crypto governance tokens by GitHub development activity instead of price performance. The latest snapshot highlights Radworks, Curve Finance, API3 and other DeFi and infrastructure projects as maintaining strong developer engagement even while governance token prices remain under pressure. The ranking points to a clear gap between cautious market sentiment and continued on-chain building across major protocols.

On 5 February 2026, JPMorgan strategist Nikolaos Panigirtzoglou argued that Bitcoin's steep slide of more than 40% from its October high has left it deeply oversold compared with gold, which has risen by about one-third since autumn. The bank says Bitcoin's current price below its estimated $87,000 production cost, combined with ETF outflows and extreme pessimism, could signal capitulation-level stress and a potentially attractive entry point for long-term investors.

On 5 February 2026, Circle announced a strategic partnership with prediction market platform Polymarket to embed its fully reserved USDC stablecoin infrastructure into onchain markets. The collaboration is intended to make USDC a core settlement layer for prediction-based trading, aiming to enhance reliability, capital movement, and scalability as market activity and liquidity increase.

On 5 February 2026, Tether Investments announced a $100 million strategic equity investment in Anchorage Digital. The move expands an existing partnership and centers on regulated, secure infrastructure for institutional digital asset adoption. According to the article, Anchorage Digital Bank is the issuer of USA₮ and the first federally regulated digital asset bank in the U.S.

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 5 February 2026, investment bank Stifel warned that Bitcoin could retreat toward $38,000 if past market cycles play out under tightening liquidity and restrictive monetary policy. As Bitcoin trades just above $72,000, Michael Burry argues it is behaving like a speculative asset, with further declines potentially triggering forced selling and broader stress across the crypto market.

Ethereum's on-chain activity has climbed to record highs in 2026, with around 3.4 million active addresses interacting with smart contracts while the price remains roughly 50% below its peak near $6,400. Traders highlight the $2,100–$2,150 zone as a critical support level after over $312 million in ETH positions were liquidated, raising debate over whether the asset is being mispriced.

On 4 February 2026, Bitcoin fell to about $72,500, marking its lowest level since 2024 as the broader crypto market extended its decline. Major altcoins, led by sharply weaker Solana, also slid, while total crypto liquidations over the past 24 hours climbed to nearly $880 million and overall market capitalization retreated to $2.47 trillion. The drawdown has left large institutional holders facing sizable unrealized losses as volatility and risk-off sentiment persist.

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.