Bitcoin Drops to $75,639, Ethereum Falls Below $2,300 as Sell-Off Intensifies
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 new decline wipes out 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 several months, around $75,000. Ethereum, for its part, is dangerously approaching the $2,200 mark, a threshold that could trigger massive selling if breached. This is one of the toughest weeks for cryptocurrencies in 2026. Weekly losses exceed 15%, which could push some investors to liquidate their positions. However, past cycles show that these violent corrections are often followed by equally sharp recoveries. The question is whether the market will find a floor before the end of the week or if the bearish trend will accelerate.
