Ethereum

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.

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.

Retail credit withdrawals on NEXO fell from $136.63 million in January 2025 to $22.04 million by November, then stabilized near $23.957 million in December 2025 and $23.965 million in January 2026. According to CryptoQuant/X, Aave's ETH borrowing peaked near 1.2 million in mid-2025 before easing toward 300,000 by early 2026, while NEXO broke below $0.901–$0.947.

The crypto market has come under heavy selling, with Bitcoin sliding below the $70,000 mark and wiping out months of consolidation gains. Shiba Inu has so far stayed above key support, while Ethereum is nearing the crucial $2,000 area after breaking several technical levels. Further downside in Bitcoin could keep pressure on major altcoins if risk-off sentiment and liquidations persist.

Bitwise submitted a registration statement to the SEC for a Uniswap-focused ETF on Thursday, according to the filing. The proposed fund would track UNI and launch without staking, with the option to add it later if approved, and lists Coinbase Custody Trust Company, LLC as custodian. Around the same time, UNI fell about 15% over 24 hours, while bitcoin dropped nearly 15% on Thursday.

On February 5, 2026, World Liberty Finance sold 73 WBTC for $5.04 million in USDC, with Lookonchain citing a $69,000 unit price. Arkham data shows the sale occurred in two batches worth $2.77 million and about $2.28 million. Lawmakers also questioned WLFI's ownership and UAE ties at a House Financial Services Committee hearing.

Between February 3 and February 5, Ethereum co-founder Vitalik Buterin argued that the 2020 rollup-centric scaling roadmap is outdated and urged Layer-2 networks to move beyond generic EVM chains with multisig bridges. Shiba Inu's Shibarium and its Shib Alpha Layer, developed with ElderLabs and progressing into 2026, emphasize privacy, app-specific efficiency, and modular RollApps as differentiated infrastructure. These features, including FHE-focused development and multi-token gas support, aim to meet the higher technical and transparency standards Buterin described.

Bitcoin fell back under $69,000 on Thursday, wiping out gains since its 2021 cycle peak amid intensified selling across spot and derivatives markets. Binance rejected claims it had sent a cease-and-desist letter over insolvency allegations, while U.S. spot Bitcoin ETFs saw $545 million in net outflows and related Ethereum and Solana products also recorded withdrawals. At the same time, Tether committed a $100 million equity investment in Anchorage Digital and U.S. lawmakers opened a probe into a $500 million World Liberty Financial deal tied to the UAE.

On February 5, 2026, Bitcoin fell below $70,000, down nearly 8% intraday to roughly $66,700, while ETH dropped under $2,000 and Solana hit $83. Mike Novogratz told Bloomberg he sees a potential bottom and a $70,000–$100,000 range. In contrast, Michael Burry warned of a "death spiral," and John Deaton alleged futures-driven price suppression.

Ether fell to a year-to-date low of $1,927 on Thursday, more than 60% below its $4,950 all-time high. According to CryptoQuant, mid-sized holders trimmed balances while 10,000+ ETH wallets added exposure, and Binance inflows reached about 1.63 million ETH on Wednesday. An analyst highlighted a taker buy/sell ratio near 0.94, pointing to persistent sell-side pressure.