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Cryptocurrency News 5 February 2026

Cartels go crypto: DOJ targets money brokers moving drug cash to Mexico

Cartels go crypto: DOJ targets money brokers moving drug cash to Mexico

Four men extradited from Mexico face money-laundering conspiracy charges in a Kentucky federal court, accused of moving cartel drug profits through cryptocurrency. U.S. prosecutors say the crackdown targets cartel money brokers to disrupt cash flows. The defendants could face up to 20 years in prison. Mexican authorities have transferred over 90 cartel-linked suspects since 2025, sparking legal disputes over extradition procedures.
5 February 2026
XRP price tumbles nearly 19% as bitcoin slide and Fed chair pick weigh on crypto

XRP price tumbles nearly 19% as bitcoin slide and Fed chair pick weigh on crypto

XRP plunged 19% to $1.22 in 24 hours as crypto markets sold off, with $52 million in XRP futures liquidated, CoinGlass reported. Bitcoin fell to $66,675, its lowest since October 2024, while ether dropped over 7%. Senate Democrats urged a delay in hearings for Fed chair nominee Kevin Warsh amid ongoing investigations. Ripple said it integrated Hyperliquid into its institutional brokerage service.
5 February 2026
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Bitcoin price sinks more than 10% below $70,000 as Warsh Fed pick and ETF exits spook crypto

Bitcoin price sinks more than 10% below $70,000 as Warsh Fed pick and ETF exits spook crypto

Bitcoin plunged 10.5% to $65,713 on Thursday, falling below $70,000 for the first time since late 2024. The drop followed heavy outflows from U.S. spot bitcoin ETFs and concerns over tighter Federal Reserve policy after Kevin Warsh was named Trump’s Fed chair pick. Crypto-linked stocks, including Strategy, also slumped. Ether fell 10% to $1,926.
5 February 2026
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Ethereum slips under $2,000: analysts size up $1,450 downside and $6,200 rebound case

Ethereum slips under $2,000: analysts size up $1,450 downside and $6,200 rebound case

Ether fell 8% to $1,955 on Friday, briefly touching $1,935, as bitcoin slid to $66,424 in a broad crypto selloff. Analysts remain split on whether Ether’s drop signals a rebound or a deeper slide. On-chain data showed mid-sized wallets trimming positions, while large holders bought more. A new Ethereum-focused payments project is set to launch Feb. 9.
5 February 2026
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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

XRP hovered near $1.59 Thursday after a sharp drop from early January highs. Analysts described the move as a “washout” phase, with some projecting long-term targets up to $30 if the correction ends. U.S. spot XRP ETFs saw $1.37 billion in net inflows by mid-January but posted a $93 million outflow on Jan. 30. Slowing transaction fees and competition from rivals remain key risks.
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 fell below $2,000 on Thursday, dropping about 9% to $1,946.65 after Donald Trump named Kevin Warsh as his pick for Fed chair. Bitcoin slid 9.5% to near $67,029. Analysts cited heavy liquidations and over $800 million in outflows from U.S.-listed bitcoin ETFs in two days. The global crypto market has lost nearly $1.9 trillion since early October, according to CoinGecko.
5 February 2026
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Coinbase stock sinks as Nevada targets prediction-market contracts; COIN slides into key week

Coinbase stock sinks as Nevada targets prediction-market contracts; COIN slides into key week

Coinbase shares fell about 8% Thursday after Nevada’s gaming regulator filed a lawsuit accusing the crypto exchange of unlicensed wagering via “event contracts.” The state seeks a court order to halt the contracts, which Coinbase says fall under federal CFTC oversight. The move comes ahead of Coinbase’s Feb. 12 earnings report. Bitcoin and ether prices also dropped nearly 9%.
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

Strategy (MSTR) shares fell 12% to $113.11 Thursday as bitcoin slid 9% to $67,500 ahead of the company’s earnings report. The drop puts pressure on Strategy’s leveraged bitcoin holdings, now valued at about $50.2 billion, with $2.25 billion in cash and billions in convertible debt maturing from 2027. Investors are watching for signs of funding strain or forced bitcoin sales.
5 February 2026
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XRP price slides nearly 12% as bitcoin breaks $70,000; Ripple’s DeFi push draws fresh scrutiny

XRP price slides nearly 12% as bitcoin breaks $70,000; Ripple’s DeFi push draws fresh scrutiny

XRP fell nearly 12% in 24 hours to around $1.37, tracking a broader crypto sell-off after Donald Trump named Kevin Warsh as the next Fed chair. Bitcoin dropped below $70,000 as traders braced for tighter liquidity. Ripple announced Ripple Prime now supports Hyperliquid to expand institutional DeFi access. U.S. jobs data is due Feb. 11, with CPI to follow Feb. 13.
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 fell as low as $69,000 Thursday, its weakest level since November 2024, before recovering to around $71,000. Analysts cited tech-led selling in Asia, U.S. spot bitcoin ETF outflows over $500 million, and concerns about tighter liquidity under likely Fed chair Kevin Warsh. Ether hovered near $2,100 as investors shifted to gold and other safe havens.
5 February 2026
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XRP price dives 14% to $1.36 as bitcoin tests $70,000 — what traders watch next

XRP price dives 14% to $1.36 as bitcoin tests $70,000 — what traders watch next

XRP fell 13.78% to $1.36 Thursday, leading losses among major cryptocurrencies as trading volume reached $6 billion. The drop followed news of Kevin Warsh’s Fed chair nomination and large outflows from U.S. spot bitcoin ETFs. Bitcoin hovered above $70,000; ether slipped 0.7%. XRP’s PermissionedDomains compliance feature went live Feb. 4, while Flare launched a new FXRP lending platform.
5 February 2026
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Bitcoin price slides toward $70,000 as Warsh Fed chair pick keeps crypto on the back foot

Bitcoin price slides toward $70,000 as Warsh Fed chair pick keeps crypto on the back foot

Bitcoin dropped 6.7% to $70,666 in early U.S. premarket trading Thursday, while ether fell 6.4% to $2,087. The slide follows President Trump’s nomination of Kevin Warsh as Fed chair, fueling concerns of faster balance sheet reduction. U.S. spot bitcoin ETFs saw over $3 billion in outflows in January. Warsh’s nomination and a probe into Jerome Powell are ongoing in Washington.
5 February 2026
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Strategy (MSTR) slides premarket as bitcoin nears $70,000 — what to watch before earnings

Strategy (MSTR) slides premarket as bitcoin nears $70,000 — what to watch before earnings

Strategy Inc (MSTR.O) fell 3.2% to $129.09 in premarket trading Thursday after bitcoin dropped over 6% to $71,325. An SEC filing showed Strategy bought 855 bitcoin for $75.3 million last week, funded by share sales and a higher preferred dividend rate. The company reports fourth-quarter results after the close. Coinbase and major bitcoin miners also declined before the open.
5 February 2026
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IREN stock slides 17% ahead of earnings as bitcoin flirts with $70,000

IREN stock slides 17% ahead of earnings as bitcoin flirts with $70,000

IREN shares fell 17.4% to $44.94 Wednesday amid a sharp selloff in crypto and AI-linked stocks. Bitcoin touched $70,052 in Asian trading, its lowest since November, as investors braced for potential Fed tightening and ETF outflows. IREN will report quarterly results after Thursday’s close, with a conference call at 5 p.m. ET. Other bitcoin miners also posted steep declines premarket.
5 February 2026
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Stock Market Today

Toyota stock price rises on CEO shake-up and higher profit outlook as buyout deadline nears

Toyota stock price rises on CEO shake-up and higher profit outlook as buyout deadline nears

7 February 2026
Toyota shares rose 2% to 3,780 yen Friday after the company raised its full-year profit forecast and announced CFO Kenta Kon will replace CEO Koji Sato on April 1. Third-quarter net revenues climbed 6.8% to 38.087 trillion yen, but North America posted a 5.6 billion yen operating loss. Toyota’s U.S. ADRs closed up 2.9%. The tender offer for Toyota Industries shares closes Feb. 12.
HSBC share price bounces back after BoE split vote — what to watch before Feb 25 results

HSBC share price bounces back after BoE split vote — what to watch before Feb 25 results

7 February 2026
HSBC shares closed up 2.2% at £13.06 on Friday, reversing Thursday’s drop as traders weighed possible Bank of England rate cuts and awaited the bank’s annual results on Feb. 25. The FTSE 100 rose 0.6%, with major UK banks also gaining. HSBC is also preparing to cut some banker bonuses and push out underperformers amid a cost reset. Key UK, U.S., and euro zone economic data are due next week.
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