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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In-Depth Analysis
- Bitcoin at 66K: extreme fear recedes — 3 reasons to believe in the rebound
- The Great Decoupling: BTC at $60,922, ETH at $1,581 — The Moment of Truth, Analysis of June 6, 2026
Historical Context
- The Slide Continues: Bitcoin and Ether Bend Under Uncertainty
- Fear & Greed Index at 7/100: Crypto Market in “Extreme Fear” Territory
Similar Opportunities
- Consolidation Sets In: BTC and ETH in Pause Mode, the Market Holds Its Breath
- Bitcoin Crashes Below $64K as Kevin Warsh’s Hawkish Fed Halts Crypto Rally
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