Bloomberg Intelligence strategist Mike McGlone compares crypto market turbulence in 2025-26 with volatility during the 1929-30 U.S. stock market crash. He argues Bitcoin is acting as a high-beta liquidity gauge as BTC trades around $76,069 with double-digit percentage losses over the past week and month.

On February 4, 2026, AMD shares were down 7.12% to $224.88 in premarket trading after the company reported fourth-quarter 2025 results that topped forecasts. AMD posted $1.53 in EPS on $10.27 billion of revenue versus $1.32 and $9.67 billion expected, but its first-quarter 2026 revenue outlook of $9.8 billion, plus or minus $300 million, fell short of some investor hopes.

From January 1 to February 4, 2026, BlackRock's net digital asset holdings declined from $78.36 billion to $68.06 billion, a drop of $10.3 billion largely tied to market weakness. Bitcoin and Ethereum accounted for most of the change, alongside a reduction of 2,930 BTC and 138,240 ETH, while recent single-day moves saw BlackRock driving the majority of U.S. Bitcoin spot ETF and Ethereum redemptions.

Payward, the parent company of crypto exchange Kraken, reported that its 2025 revenue rose 33% to $2.2 billion, up from $1.6 billion in 2024. The firm processed $2 trillion in transactions, increased funded accounts to 5.7 million, and expanded assets on its platform to $48.2 billion while it continues preparations for a future IPO.

On February 4, 2026, Binance reported completing a second batch of Bitcoin conversions for its SAFU fund, adding another 1,315 BTC while BTC traded around $76,248.05. The exchange plans to shift a total of $1B in stablecoins into BTC for the insurance fund and has pledged to top it up if its value drops below $800M. The moves come amid renewed insolvency speculation, even as on-chain data indicate stable reserves and no abnormal outflows.

On 3 February 2026, spot ETF flow data highlighted mixed institutional positioning across major crypto assets. Bitcoin products saw sizeable net outflows while Ethereum, Solana and XRP ETFs registered varying degrees of net inflows, suggesting selective rotation rather than broad capitulation. This divergence comes as overall crypto sentiment remains risk-off and market conditions stay fragile.

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.

On Tuesday, the Canadian Investment Regulatory Organization (CIRO) released an interim Digital Asset Custody Framework setting tiered limits on how dealer members and custodians hold client crypto. The rules introduce four risk-based tiers with caps from 40% to 100%, restrict internal custody to 20% of client assets, and add stricter governance, insurance, and audit requirements as Canada tightens oversight of hacks and compliance failures.