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Analysts predict that Bitcoin's price may drop to around $38,000 based on long-term trend line analysis. Since 2025, Bitcoin's price movement has been positively correlated with the US dollar and has shown increased correlation with the Nasdaq index and growth stocks, potentially facing further pressure.

Psy Protocol Founder and CEO Carter Jack Feldman will attend the "Build and Scale in 2026" forum held in Hong Kong on February 10, to discuss the integration trends and market opportunities in the blockchain industry, focusing on RWA, stablecoins, and other areas, aiming to bring together project teams and investment institutions to explore the future of Web3.

This article summarizes cryptocurrency news as of February 5, 2026, including the latest updates on Bitcoin, Ethereum upgrades, Dogecoin trends, real-time cryptocurrency prices, and price forecasts. Major Web3 events today include:
1. Ethereum approaches $2,000, impacting BitMine treasury: unrealized losses exceed $7 billion, but Tom Lee remains optimistic;
2. Congress questions "Who will save Bitcoin?" Treasury Secretary Bessent explicitly states no authority to intervene, causing market volatility;
3. Bitcoin price hits a one-year low, with crypto-related stocks like Strategy and COIN plunging collectively.

According to HyperInsight monitoring, the largest on-chain long and short positions in HYPE are both established around $24. Currently, longs have an unrealized profit of approximately $15.3 million, shorts have an unrealized loss of over $10 million, and the combined profit and loss difference exceeds $25 million.

In pre-market trading, the three major indices slightly declined, with the Nasdaq down 0.13%, the Dow down 0.17%, and the S&P 500 down 0.16%. Among tech stocks, Apple, Microsoft, and Alphabet declined, while Amazon, Nvidia, and Tesla saw slight gains.

ChainCatcher reports that, according to Gate market data, U.S. semiconductor and chip equipment stocks are rising in pre-market trading, as Alphabet (GOOG.O) indicated that its capital expenditure in 2026 could double. Broadcom (AVGO.O) rose 5%, while AMD (AMD.O) and NVIDIA (NVDA.O) both increased by over 2%.

ChainCatcher reports that, according to Arkham data, at 17:28, 210.05 BTC (worth approximately $15.06 million) was transferred from an anonymous address (starting with 15QGta...) to another anonymous address (starting with bc1q4y...).

Ethereum founder Vitalik Buterin pointed out that many new EVM chains are simply copying existing architectures, lacking innovation, which leads to ecosystem stagnation. He emphasized that new chains need to truly introduce new features and ensure that technology aligns with public relations image to promote ecosystem interoperability and long-term value.

XMART and Ta Yang Group Holdings have reached a strategic partnership to jointly develop Web4.0 applications, focusing on physical business scenarios, AI interaction, and digitalization of real assets. Both parties will integrate resources, explore verifiable and sustainable consumer-grade application models, and promote related progress within a compliant framework.

Abraxas Capital increased its short position on gold mapping contracts when the spot gold price was around $4,867, expanding its holdings to $9.18 million. Its subsidiary address also holds a 5x leveraged short position. Previously a contract whale, its current holdings have been reduced from the peak to approximately $60 million.

On February 5th, XRP experienced a sharp sell-off on Thursday, dropping about 10% within 24 hours. The latest price approached $1.43, hitting a new low since November 2024. As the key support level of $1.60 was broken, concerns about further declines to $1.40 or even $1.20 grew stronger. Over the past week, XRP has fallen approximately 20%, with nearly a 40% decline over the past month, while trading volume increased to $5.04 billion, indicating that panic selling is accelerating.
From a macro perspective, the entire crypto asset sector is undergoing a deep correction. The daily liquidation volume is about $770 million, mostly from long positions. The Fear and Greed Index dropped to 11, reflecting extreme caution in market sentiment. Meanwhile, the global crypto market cap fell back to $2.42 trillion, as external economic uncertainties prompted funds to shift toward defensive assets.

Solana (SOL) price dropped to $89 on Monday this week, hitting the lowest level since 2024. It is currently hovering around $91, with a total decline of over 16% in the past week. Amid Bitcoin falling below $73,000 and Ethereum losing the $2,100 support level, SOL has repeatedly failed to hold above the $100 support, indicating short-term downward pressure.
Notably, while the price weakens, the Solana network remains highly active. On January 30, the blockchain processed approximately 148 million transactions (excluding governance votes), one of the highest levels in history, demonstrating that users are still frequently using the network. This divergence of “price decline, usage increase” highlights a disconnect between current market sentiment and fundamentals.

Since Q4 2025, the price of Ripple (XRP) has declined approximately 49%, but on-chain active accounts have continued to grow, forming a clear divergence. The latest data shows that the total number of XRP accounts has surpassed 75 million, with over 520,000 new wallets added in less than five months, indicating a split between market sentiment and network usage.
Looking back at the trend, XRP briefly approached $2.84 in early Q4 2025 and touched $3.1 briefly, but was then hit by a sharp sell-off. During the market volatility in October, it evaporated over $1 in a single day. Currently, the price hovers around $1.44, marking four consecutive months of monthly declines and approaching the rare fifth consecutive decline in history.

Spanish Prime Minister Pedro Sanchez announced at the Dubai World Government Summit that an online age verification system will be implemented nationwide, and social media use will be banned for those under 16. This policy quickly caused a huge stir in the global tech community. X founder Elon Musk and Telegram founder Pavel Durov both spoke out, strongly criticizing the proposal, arguing that it threatens internet freedom and user privacy.
Sanchez stated that social media has become a "runaway machine," and the government must regain control of the platforms to protect minors. The new legislation not only requires platforms to conduct age verification but also allows for the prosecution of platform executives for hate speech. Durov immediately issued a statement to Spanish users, warning that the policy could force platforms to collect all user data and implement comprehensive surveillance under the guise of "security." He pointed out that once algorithms and content recommendations are criminalized, the government will be able to indirectly control the information the public sees.

Cryptocurrency analyst Ben Cowen recently questioned the popular market view that "liquidity easing will once again boost Bitcoin." He believes that many macro bulls rely too heavily on the assumption that global M2 money supply will continue to expand, but actual data may be pointing in the opposite direction.
Ben Cowen pointed out that M2 may not continue to rise from current levels and could instead peak and decline in the coming months. This judgment aligns with the expectation of a potential strengthening of the US dollar. Historically, Bitcoin's cycle peaks tend to lead M2, while price lows often occur shortly after M2 peaks. Therefore, if M2 is about to enter a decline phase, the liquidity environment in the crypto market could come under pressure.

DWF Labs founder Andrei Grachev stated that the crypto market is approaching the bottom, and Bitcoin could fluctuate by 15%. Although capital inflows are limited, new projects are more likely to attract attention, and most altcoins are expected to rise. Retail trading is concentrated in PumpFun, and when the market recovers, they will follow whale investments. Behind-the-scenes mergers and acquisitions are active, and long-term growth is a matter of time; survival rate is the key.

XRP's ongoing pullback is sparking discussions in the market about "history repeating itself." Several technical analysts point out that the current trend closely resembles the ABC correction structure in the 2021 cycle, which may provide important clues about when this round of decline will end.
Looking back at the trend, XRP fell about 35% in Q4 2025, then briefly rebounded in early 2026, rapidly rising from $1.84 in early January to a high of $2.41, but was quickly met with strong resistance and pulled back. Since that high, the price has retraced approximately 41%, currently hovering around $1.42, hitting a new low since November 2024. The decline has entered its fifth month, and market sentiment is becoming more cautious.

The global derivatives market is about to welcome a new member from the crypto asset space. The Chicago Mercantile Exchange has announced that it will launch Cardano futures on February 9, 2026, and will also introduce contracts related to Stellar and Chainlink. This development is seen as a significant step for ADA to enter the institutional financial system and provides the market with more mature risk hedging and price discovery tools.
According to official disclosures, ADA futures will be available in two specifications: standard contracts and micro contracts. The standard contract contains 100,000 ADA, while the micro contract consists of 10,000 ADA, aiming to cater to participants with different capital sizes and risk preferences. The pricing mechanism will track authoritative benchmark indices to enhance transparency and referenceability, aligning Cardano with mainstream crypto derivatives.

Odaily Planet Daily reports that Aster posted on the X platform stating that after a month of intensive testing and the successful run of Human vs AI Season 2, the Aster Chain testnet is now open to everyone. Aster invites users to participate in testing, explore, and share feedback.

A congressional hearing in the United States unexpectedly ignited market sentiment in the crypto space. U.S. Treasury Secretary Scott Bessent was questioned by California Democratic Congressman Brad Sherman at the House Financial Services Committee: when Bitcoin prices plummet, does the federal government have the authority to step in and "rescue Bitcoin"? This question quickly spread on social media and also made "Does Bitcoin have government backing" a hot topic of discussion.
In response to the inquiry, Bessent clearly stated that, whether in his capacity as Treasury Secretary or as Chairman of the Financial Stability Oversight Council, he has no authority to use public resources to support Bitcoin prices, nor can he instruct banks to buy the asset. This statement effectively reaffirmed to the market that Bitcoin is not protected by the U.S. government, and investment risks are entirely borne by individuals.