A severe winter storm in the US between 23 and 25 January drove a roughly 40% drop in Bitcoin hashrate, with about 455 EH/s going offline as many miners shut down operations. Large mining firms in Texas used demand-response and curtailment programs to free grid capacity, slowing block times to around 12 minutes but underscoring Bitcoin mining's role as a flexible energy load.

On February 1, 2026, Jim Cramer posted on X that Bitcoin near $77,000 could attract buyers and climb back to $82,000. He later cautioned against treating a Monday bounce as a double bottom, suggested shorts might be pressuring Michael Saylor, and pointed to a short‑term floor no lower than $73,000 after BTC slipped under $80,000 and neared $70,000.

According to Polymarket odds, traders assign a 71% chance that Bitcoin will trade under $65,000 at some point in 2026 while the asset sits near $75,000 after a weekend slide. Analysts highlight $62,000–$65,000 as pivotal support, and US spot Bitcoin ETF holders are largely underwater with average entries around $87,830 amid recent multi‑billion‑dollar outflows.

On Monday, February 2, Bitcoin traded below $77,000 amid macro headwinds, institutional outflows, and liquidations. Finbold's AI tool, combining ChatGPT, Gemini 2.5 Flash, and Claude Sonnet 4, projects $76,667 for February 28, 2026, versus a current $76,784. Individual model calls range from $72,500 to $82,500, highlighting near-term uncertainty.

Bitcoin slid below $80,000, briefly touching $75,500 and trading near $76,564, as nearly $5 billion of leveraged positions were unwound over the last three days. Analysts see resistance at $79,200–$82,000 and support at $75,500–$75,000 with risk toward $70,000, while a power‑law model places BTC 35% under its 15‑year trend.

At the start of the first week of February, Bitcoin traded near levels last seen in November 2024, with several analysts highlighting $76,000–$50,000 as a key support area and warning of potential downside below $50,000. At the same time, weekly and daily RSI readings are approaching oversold levels associated with the 2022 bear-market low, while CME futures gaps, macro liquidity concerns, a sharp precious-metals sell-off and a deeply negative Coinbase Premium are shaping expectations for what comes next.

On February 2, 2026, Robert Kiyosaki responded to a $700 billion decline in the crypto market and an estimated $10 trillion drop in gold and silver by describing the turmoil as a massive sale on investment assets. He contrasted how people rush to buy discounted goods at retailers with their tendency to flee financial markets during crashes, urging followers to decide whether to act more like "rich people" or "poor people." The author used past Bitcoin price history to illustrate that buying after major declines can offer better long-term returns, while also noting that even resilient assets may take years to recover.

MicroStrategy is facing its first unrealized loss since 2023 as Bitcoin’s dip below $75,000 leaves its massive 712,647 BTC stash technically "underwater." Despite a $900 million deficit and shares hitting 52-week lows, Executive Chairman Michael Saylor remains committed to his aggressive $84 billion acquisition strategy ahead of the company's February earnings.