Ethereum has fallen from above $3,000 to around $2,100, and several market analysts argue that the decline may not be over. Some see key levels around $2,000 and an MVRV band near $1,959 as potential bottom zones, while others map out scenarios that include both a rebound toward $3,600 and a possible drop to $1,500 by summer 2026.

Bitcoin slid to $73,000, its lowest level in 15 months, before rebounding to just above $76,000 and remaining about 3% lower on the day. Solana fell below $100 after a 7% daily drop, while HYPE, CC, and ZEC also posted notable losses as the total crypto market cap shrank to $2.65 trillion.

XRP-focused spot ETFs recorded $19.46 million in net inflows yesterday, outpacing Ethereum ($14.06 million) and Solana ($1.24 million) products while Bitcoin funds recently saw withdrawals. It was the strongest day for XRP ETFs since January 5, and cumulative inflows reached $1.20 billion, even as XRP's price swung between $1.53 and $1.63 before settling near $1.60.

On February 2, 2026, several analysts detailed near-term levels for Ripple's XRP after a roughly 4% rebound to just over $1.60. Ali Martinez highlighted supports at $1.42, $1.27 and $1.06, while CryptoWZRD cited a $1.64 reclaim and a path toward $2.00 contingent on Bitcoin dominance. Spot XRP ETFs recorded another small net outflow on February 2.

At the end of the previous week, Pi Network's Core Team rolled out a technical upgrade they say will let about 2.5 million Pioneers proceed with Mainnet migration after earlier security and compliance blocks. The update batches KYC and migration fixes by user group, while more than 700,000 additional accounts are set to gain access to KYC submissions even as PI's market price hovers near a fresh all-time low around $0.1514.

Bitcoin extended its slide on Monday morning, according to CryptoPotato, hitting a multi-month low just above $74,000 before rebounding near $78,000. Altcoins fell broadly: ETH hovered near $2,300 and was 5.5% down on the day, while XMR touched $400. MYX jumped 13.5% and M rose 10%.

After a 30% climb into a multi‑week high on January 6, XRP reversed, tagging a $1.50 weekend low before rebounding to $1.67 and slipping under $1.55. As of press time it trades near $1.57, down 4% on the day and 13% week over week. The broader market's $300B–$500B drawdown and $92.92M ETF outflows added pressure.

In the latest market downturn, bitcoin slid below $75,000 and ethereum fell under $2,200, helping wipe about $500 billion from the total crypto market cap since Wednesday. Over the same period, gold and silver prices plunged from their recent peaks, erasing a combined $10 trillion in market value within a few days. Despite the severe pullbacks, the relative size of the precious metals markets suggests the crypto sector remains much smaller by comparison.

On January 31, 2026, crypto liquidations exceeded $2.5 billion over 24 hours, placing the sell-off among the top 10 events on record. Analysts attributed the weekend drop to shallow liquidity and high leverage rather than policy moves or tensions around Iran, noting three waves that wiped about $1.3 billion within 12 hours.