The cryptocurrency market experienced a severe downturn around February 5-6, 2026, with Bitcoin briefly dropping to just over $60,000—its lowest level since late 2024—sparking widespread liquidations and heightened fear among investors. Data from sources like CoinGlass confirmed over $2.7 billion in leveraged positions liquidated in a 24-hour period, with approximately 85% from long positions (bullish bets) being forcibly closed. More …
Latest News
February, 2026
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7 February
Crypto Stocks Sink to Lead Weekly Losers as Asian Banks Advance
Crypto-linked stocks led weekly financial losers for the period ending February 7, 2026, as digital asset volatility intensified, while Asian bank shares advanced amid sector rotation to defensives. Publicly listed crypto miners (e.g., Marathon Digital, IREN), exchanges, and related firms (e.g., Galaxy Digital proxies) sank sharply, tracking Bitcoin’s ~23-24% weekly plunge (from highs near $90,000+ to lows below $64,000-$70,000 before …
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7 February
crypto Chaos: Ripple Meets White House, Brandt Alleges Bitcoin Manipulation, Musk Cheers Doge
Crypto markets navigated volatility this week (ending February 7, 2026), with key developments from regulatory talks to high-profile commentary and on-chain activity. Ripple joined a White House summit on February 2, hosted by the crypto council (adviser Patrick Witt). Representatives from Ripple, Coinbase, Circle, Kraken, and banking groups discussed stablecoin yield/rewards to resolve stalled market structure legislation. Insiders called it …
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7 February
Vietnam Proposes 0.1% Tax on Crypto Trades Under New Securities Law
Vietnam’s Ministry of Finance has proposed a **0.1% personal income tax** on the value of each cryptocurrency transfer or trade executed through licensed service providers, as outlined in a draft circular released February 5, 2026, for public consultation. The levy mirrors the tax applied to securities trades and targets individual investors (regardless of residency). Institutional profits from crypto would incur …
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7 February
Wealthy Families Grow Cautious on Geopolitics but Shun AI, Crypto, and Gold
Geopolitical tensions—cited as the top risk by **64%** of global family offices in J.P. Morgan Private Bank’s 2026 Global Family Office Report—are driving ultra-wealthy investors toward caution and capital preservation rather than aggressive bets. Surveying 333 single-family offices (average net worth $1.6 billion) across 30 countries, the report shows rising concerns over conflicts, trade disputes, tariffs, and fragmentation. Yet, instead …
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7 February
Trend Research Cuts Ether Holdings After Market Crash to Repay Debt
Crypto treasury firm **Trend Research** has aggressively cut its **Ether (ETH)** holdings in early February 2026 to repay leveraged loans amid a severe market crash that pushed ETH prices sharply lower. On-chain analytics (Lookonchain, Arkham, Bubble Maps) reveal the firm transferred over **400,000 ETH** (valued at hundreds of millions USD) to Binance since the month began, using proceeds to service …
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7 February
China Moves to Block Unapproved Yuan-Pegged Stablecoins Overseas
China has intensified its cryptocurrency crackdown with a February 6, 2026, joint notice from the People’s Bank of China (**PBOC**) and seven agencies, explicitly banning the unapproved issuance of yuan-pegged (RMB-linked) stablecoins overseas. The directive prohibits any entity—domestic, foreign, or offshore affiliates controlled by Chinese firms—from issuing such stablecoins without regulatory approval, citing threats to monetary sovereignty, capital controls, financial …
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7 February
Crypto Resilience: Investors Bet $258M on Startups After $2T Market Crash
Despite a brutal **$2 trillion** wipeout in global crypto market capitalization since its October 2025 peak of ~$4.379 trillion (per CoinGecko), investor confidence in blockchain innovation endures. In the first week of February 2026, crypto startups secured **$258 million** in fresh venture funding (DeFiLlama data), signaling resilience amid sharp corrections—Bitcoin plunged from highs near $126,000 to lows around $60,000-$67,000, with …
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6 February
Crypto Winter Survivors: 3 Altcoins Showing Strong Technical Momentum
The crypto market remains in a deep downturn on February 6, 2026, with widespread “extreme fear” (Fear & Greed Index near 9–14) driving heavy liquidations and altcoin underperformance. Bitcoin’s dip to ~$60K has amplified pressure on majors, but the draft’s claim of “strong technical momentum” among Ethereum (ETH), Cardano (ADA), and Solana (SOL) does not align with current data. Instead, …
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6 February
Strategy Funds Take $12.4B Hit as Bitcoin Dips Below Cost Basis
The crypto market’s sharp downturn has delivered a major blow to prominent Bitcoin-focused investment vehicles, highlighted by **Strategy Inc.** (formerly MicroStrategy, ticker MSTR)—the largest corporate Bitcoin holder—reporting a staggering **$12.4 billion net loss** for Q4 2025 on February 5, 2026. This figure, driven primarily by mark-to-market accounting on its vast Bitcoin treasury, aligns closely with the draft’s claim, though it …
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