Galaxy Digital CEO Mike Novogratz said in a Bloomberg interview he does not think "quantum computing fears" explain Bitcoin's drop below $74,000, the first break since November 2024. He attributed the move to a "seller's virus" and noted prices are set at the margin, with more sellers than buyers.

Dogecoin is trading near $0.1053, hovering just above levels last seen during the October market liquidation as a rare double death cross pattern forms on the weekly chart. Key moving averages near $0.17215, $0.18505 and $0.15322 are converging, suggesting extended downside risk unless buyers can push DOGE back above the $0.153 area. Technical projections indicate that if support between $0.09 and $0.11 fails, the meme coin could face a deeper decline.

According to CryptoSlate data, Bitcoin trades near $78,000, more than 38% below October's peak above $126,000, while f2pool's Feb. 2 dashboard shows miner revenue around $0.034 per TH/day at roughly 890 EH/s. With hashrate down about 12% since last November and some operators redirecting infrastructure to AI, margins for many rigs have compressed to historical floors.

On February 3, 2026, Ripple said it is supporting Billiton Diamond and Ctrl Alt in tokenizing over AED 1 billion ($280 million) of certified polished diamonds on the XRP Ledger, aiming to bring real-world diamond assets on-chain. XRP is trading near $1.56 after losing the key $1.78 support, while more than $1.3 billion has flowed into U.S. spot XRP ETFs since November 2025, and analysts note that institutional demand contrasts with the token's current bearish technical setup.

Zcash's price slipped 4.50% to $283.50, breaking below the key $300 support after holding that level since October 2025. Technical patterns, bearish derivatives positioning, and a 22% drop in trading volume to $363 million point to the possibility of further declines, with some analyses suggesting a move toward $195. At the same time, the top 100 ZEC holders have increased their holdings by about 2.8% as the token's price has fallen more than 27%, indicating ongoing accumulation despite short-term pressure.

At 19:50, Bitcoin fell to $72,762, its lowest level since the 2024 US presidential election, extending a slide of over 40% from the October peak. Tuesday's decline broke the 2025 low of $74,424.95. Retail redemptions intensified as long‑term holders sold billions and ETFs saw November outflows, even with ongoing institutional participation.

On 3 February 2026, Bitcoin traded under $74,000 after the U.S. House approved a tight 217–215 procedural vote tied to a Senate-supported funding bill aimed at reopening the federal government. The total crypto market cap fell to about $2.5 trillion, with Bitcoin down roughly 6% in 24 hours and nearly 15% over the week as broader macro and political uncertainty kept risk appetite muted.

Bitcoin sank about 15% between January 28 and 31, then dropped roughly 10% on Saturday, forcing over $2 billion in long liquidations. On-chain and market-structure signals point to risks of a move toward the 200-week average near $58,000 and the realized price around $56,000. One analyst now sees a potential cycle bottom in the $54,000–$44,000 range.