Bitcoin is plunging again this Wednesday, February 4, trading at $75,639, down 4% on the day and 15.2% on the week. Ethereum is not spared, falling to $2,227, a weekly loss of nearly 16%. This fresh decline erases the gains from yesterday’s rebound, plunging the market into uncertainty. Trading volumes remain high, a sign of persistent volatility.
This Wednesday is marked by an absence of positive news. Macroeconomic concerns continue to weigh, with fears of further monetary tightening. Bitcoin is now testing support levels not seen in months, around $75,000. Ethereum, meanwhile, is dangerously approaching the $2,200 mark, a threshold that could trigger mass selling if breached.
This week is one of the toughest for cryptocurrencies in 2026. Weekly losses exceed 15%, which could push some investors to liquidate their positions. Yet past cycles show that these violent corrections are often followed by equally brutal recoveries. The question is whether the market will find a bottom before the end of the week or if the bearish trend will accelerate.
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