Crypto Market Drops 6.4% on February 5, 2026 as BTC and ETH Extend Sharp Losses

On February 5, 2026, the global crypto market value declined 6.4% to $2.49 trillion, with trading volume climbing to $216 billion. Bitcoin slid about 7% to $70,884 and Ethereum fell 1.7% to $2,281, while 92 of the top 100 coins traded lower and sentiment hit its weakest level in two months. Analysts describe the move as a capitulation phase marked by heavy selling from long‑time holders and sizable outflows from US spot BTC and ETH ETFs.