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Cryptocurrency 5 February 2026

XRP price in ‘washout zone’ as analyst maps $30 target — but flags another drop first

XRP price in ‘washout zone’ as analyst maps $30 target — but flags another drop first

After a steep drop, XRP lingered near $1.59 on Thursday. One well-known technical analyst described the token’s move as a “washout” phase, suggesting it might set the stage for a surge to $20 or even $30 further down the line. The timing is crucial as XRP’s price has plunged sharply since its early-January high, with traders hunting for signs of capitulation — the point when sellers run dry.
5 February 2026
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Ethereum cracks $2,000 as Fed fears deepen crypto sell-off

Ethereum cracks $2,000 as Fed fears deepen crypto sell-off

Ether dipped under $2,000 on Thursday, dropping roughly 9% to $1,946.65. Bitcoin also plunged, sliding about 9.5% to near $67,029 amid a broad sell-off in digital assets. The recent sell-off is linked to worries that if Warsh takes the helm at the Federal Reserve, he’ll tighten financial conditions by shrinking the Fed’s balance sheet. “The market fears a hawk with him,” said Manuel Villegas Franceschi of Julius Baer. CoinGecko data highlights that since peaking in early October, the global crypto market has shed nearly $1.9 trillion.
5 February 2026
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Bitcoin slides under $70,000 as Strategy (MSTR) nears earnings and debt worries flare

Bitcoin slides under $70,000 as Strategy (MSTR) nears earnings and debt worries flare

Shares of Strategy dropped Thursday, weighed down by another dip in bitcoin. The move ramps up pressure on the company’s leveraged exposure to the top cryptocurrency just hours ahead of its quarterly earnings release. By late morning, Strategy had fallen roughly 12% to $113.11, with bitcoin sliding about 9% to around $67,500, according to market data.
5 February 2026
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XRP price plunges 10% in crypto rout as traders hunt for a “washout” bottom

XRP price plunges 10% in crypto rout as traders hunt for a “washout” bottom

XRP dropped roughly 10% on Thursday, slipping to around $1.44. This marked its biggest one-day percentage decline since October, according to market data. The drop came as investors shied away from risk, triggering a tech-driven equity selloff and renewed swings in other assets that rattled sentiment. “Will we see the wheels start to come off a bit?” asked Craig Inches, head of rates and cash at Royal London Asset Management.
5 February 2026
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Bitcoin price sinks toward $70,000 as Trump-era rally fades and ETF money runs out

Bitcoin price sinks toward $70,000 as Trump-era rally fades and ETF money runs out

Bitcoin plunged as much as 8% to roughly $69,000 on Thursday, then bounced back to around $71,000, dragged down by a tech-led sell-off in Asia that rattled risk assets. The drop followed a statement from U.S. Treasury Secretary Scott Bessent, who told lawmakers he lacks the authority to compel banks to purchase crypto assets. Bitcoin’s plunge has erased all gains made since U.S. President Donald Trump’s 2024 re-election, wiping out investor optimism that Washington might loosen digital asset regulations. The cryptocurrency was trading near $70,900 at 0430 GMT, down almost 20% so far this year after hitting a peak above $127,000 in October 2025, according to Al Jazeera.
5 February 2026
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XRP Sinks Near $1.40 as “Washout Zone” Talk Returns — and $30 Targets Resurface

XRP Sinks Near $1.40 as “Washout Zone” Talk Returns — and $30 Targets Resurface

XRP dropped roughly 12% on Thursday, sliding to about $1.40. The steep retreat has traders wary of forced selling and potential false breakouts, though a few analysts still hold onto longer-term bullish forecasts. The decline is significant since XRP has evolved beyond a simple retail token narrative. It now serves as a benchmark for whether emerging regulated channels into crypto—like spot exchange-traded funds—can sustain demand when investors pull back.
5 February 2026
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UBS CEO hints at Bitcoin and Ethereum trading as bank goes “fast follower” on tokenized assets

UBS CEO hints at Bitcoin and Ethereum trading as bank goes “fast follower” on tokenized assets

UBS is laying the groundwork for digital asset infrastructure and considering how to offer cryptocurrency access to individual clients, CEO Sergio Ermotti said, outlining a measured approach into a space that most big banks have so far observed from the sidelines. The comments carry weight since UBS controls one of Europe's biggest reservoirs of wealthy assets. The bank faces pressure to meet client demand for fresh products while avoiding open-ended risk.
5 February 2026
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Michael Burry Warns Bitcoin’s Slide Could Spark a $1 Billion Gold-and-Silver Dump as $70,000 Nears

Michael Burry Warns Bitcoin’s Slide Could Spark a $1 Billion Gold-and-Silver Dump as $70,000 Nears

Bitcoin dipped closer to $70,000 Thursday after hedge fund manager Michael Burry cautioned that larger losses might trigger asset sales extending beyond crypto, hitting gold and silver too. The selloff matters now because bitcoin is deeply woven into mainstream portfolios via exchange-traded funds and corporate treasury holdings. When that flow reverses, it can trigger selling in areas unrelated to crypto’s fundamentals.
5 February 2026
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Bitcoin Nears $70,000 Breaking Point as Liquidity Dries Up; Oil Slides on Dollar Strength

Bitcoin Nears $70,000 Breaking Point as Liquidity Dries Up; Oil Slides on Dollar Strength

Bitcoin teetered just above $70,000 on Thursday, slipping over 3% in Asian hours to $70,052.38—its lowest mark since November 2024. Ether also dipped, down nearly 2% to $2,086.11. The crypto selloff deepened this week, with bitcoin shedding more than 7% and now off close to 20% year-to-date; ether has dropped nearly 30%. “The market fears a hawk with him,” noted Manuel Villegas Franceschi from Julius Baer. Deutsche Bank analysts pointed to U.S. spot bitcoin ETFs pulling more than $3 billion in January outflows, following around $2 billion and $7 billion in December and November, respectively. The $70,000 level stands as a key psychological barrier for crypto traders. A clear break below it can spark liquidations—forced closures of leveraged positions—that push selling further. Speed plays a crucial role here. With thin liquidity, prices may leap between levels rather than move steadily through them.
5 February 2026
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XRP price hits post-election low as traders eye $1.00 — while a $30 roadmap makes the rounds

XRP price hits post-election low as traders eye $1.00 — while a $30 roadmap makes the rounds

XRP slid to $1.44 on Thursday, hitting its lowest level since November 2024, as bitcoin’s recent tumble triggered widespread risk-off sentiment in crypto markets. The token slipped below $1.60, with charts pointing to “clear air” down to $1.00, CoinDesk reported. https://www.coindesk.com/markets/2026/02/05/xrp-crashes-to-its-lowest-since-trump-s-election-win The drop is significant since XRP surged soon after Donald Trump’s U.S. election victory in November 2024, when his platform was seen as crypto-friendly. Ripple, the fintech company behind XRP, uses the token to streamline cross-border payments, tying it more closely to real-world transactions than just trading buzz.
5 February 2026
Bitcoin nearing $70k squeezes Strategy (MicroStrategy) as crypto-hoarding trade frays

Bitcoin nearing $70k squeezes Strategy (MicroStrategy) as crypto-hoarding trade frays

Bitcoin dipped toward $70,000 on Thursday, dragging down Strategy and other publicly traded “crypto-treasury” stocks that investors use as proxies for direct token holdings. This shift is significant since Strategy’s model—and an expanding set of imitators—relies on strong stock markets to keep buying crypto. If the coin drops and the equity premium shrinks, the funding cycle snaps shut quickly.
5 February 2026
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Stock Market Today

  • White House Rejects Conflict Claims as Trump Crypto Windfall Reaches $1.2B
    July 1, 2026, 8:22 AM EDT. The White House pushed back on conflict-of-interest claims after reports put Donald Trump's crypto earnings at roughly $1.2 billion, mainly from World Liberty Financial and the $TRUMP token. Trump's net worth has jumped from $2.3 billion in 2024 to $6.5 billion in 2026, according to Forbes. White House spokesperson Anna Kelly said Trump and his family have not acted on conflicts of interest. The update landed as a 927-page ethics filing surfaced and political activity picked up, with the Supreme Court issuing rulings on birthright citizenship and transgender athletes. The crypto gains add to Trump's finances as he stays active on the political front.
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