Reading most crypto news headlines today is depressing. BTC USD briefly hit a 15-month low below $73,000 before moving back above $76,000, while ETH USD continued its rough week, sliding 25% and possibly closing at $2,000. This is creating depression in crypto news today as BTC USD moves like memes with low liquidity.
From the clearest perspective, BTC and ETH are tracking weakness in the Nasdaq as the total crypto market has lost almost 15% over the past 7 days. But is all this doomed to failure?
I didn’t want to lose 7% a year to inflation.
So I chose crypto and I now lose 7% every week.
At least it’s faster. pic.twitter.com/7aN7b3PtuY
– Rekt Fencer (@rektfencer) December 12, 2025
President Trump signed legislation officially ending the partial government shutdown, lifting a layer of uncertainty, at least on paper, for now. We know that crypto has absorbed macroeconomic pressures. Remember that after Trump’s inauguration, Bitcoin initially rose 15%, only to see risk assets fall when tariffs triggered a sharp correction in the S&P 500 in early 2025. This is a macro, not Bitcoin itself.
However, Wall Street’s participation has also changed the texture of this cycle, making BTC USD less fragile than past pullbacks.
Forget Depressing Crypto News as BTC USD Shows Relative Strength Today
Despite the chaos filling crypto news feeds, BTC USD has quietly demonstrated relative resilience today. Funding rates on major exchanges remained positive, suggesting a slight bullish bias even during the decline. Bitcoin’s dominance has slipped toward 60%, a level that typically precedes altcoin rotations, but this cycle capital has largely retreated.
People are bracing for more turbulence. Pentoshi proposed a scenario in which BTC USD revisits the $70,000-$74,000 range before rebounding to the mid-$80,000s. So it’s not so bad if this scenario comes true. Just 4 years ago, Bitcoin fell 80% in a bear market, and this time it’s more stable.
GOOD. It’s not yet March. But I think this area of 70 to 75,000 is attractive for $btc
I received some first small bids
Could become active in this market again for the first time in a long time
—
Pentoshi is mostly down until March (@Pentosh1) February 2, 2026
Pentoshi is mostly down until March (@Pentosh1) However, the warnings are increasing. Michael Burry said a deeper decline in BTC and the dollar could lead to a forced sell-off in gold and silver, erasing $1 billion in value. Supporting this concern, tokenized silver futures have recently seen selloffs that have eclipsed BTC and ETH relative to USD.
Michael Burry sounds the alarm on the Bitcoin crash.
the real "Great short" guys. called 2008.
BTC broke support and "sickening scenarios" now in sight. Another 10% decline results in billions in losses for companies like MicroStrategy and capital markets freeze.
gold and silver hit ATH… pic.twitter.com/a0Wa73ZMUq
– Ryzm (@Goeun_6121) February 3, 2026
DISCOVER: 10+ Next Cryptos to 100X in 2026
ETH USD Outlook. Bullish?
While BTC USD is showing relative strength, crypto ETH, today, is telling a more uncomfortable story in most news headlines. Funding rates have become mixed, with some exchanges going negative since the October 2025 crash. Ethereum continues to bleed against Bitcoin, reaching similar ratios as in 2016. Vitalik Buterin spoke, urging a rethink of ETH’s layer 2 strategy, presenting it less as a hierarchy and more as a menu of choices for users, especially as the mainnet continues to evolve and fees decrease with each upgrade level.
(source – coin mechanism)
Tom Lee described the $6 billion Ethereum loss reported by BitMine as part of a long-term attempt to outperform ETH USD through cycles. Meanwhile, Trend Research, which held $1 billion worth of ETH through AAVE, expects losses in excess of $560 million. Recent deposits of nearly $368 million in ETH on Binance, with liquidation levels around $1,800.
These tweets miss the point of an Ethereum treasure:
– BitMine is designed to track the price of $ETH
– outperform over the cycle (think ETH)
– crypto is down, so naturally ETH is down$BMNR we will see “unrealized” losses on our ETH holdings during these periods:
-…– Thomas (Tom) Lee (not the drummer) FSInsight.com (@fundstrat) February 3, 2026
Technically, ETH USD is holding on to the $2,200 area, a Fibonacci level of 1.618, and an area known for historically low liquidity. An inverted head and shoulders pattern is also forming and waiting to be confirmed. But some of us counter that windup heatmaps show a hidden danger beneath the bracket, standing on thin, cracked ice.
What’s next? For now, pray and hope for the best, but expect the worst. Winter may not be over yet.
DISCOVER:
- 16+ New and Upcoming Binance Announcements in 2026
- 99Bitcoins State of the Crypto Market Report for Q4 2025
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Vitalik says Ethereum’s L2 plan is broken as ETH USD slips -2%
By
Ethereum co-founder Vitalik Buterin said the network needs “a new path,” openly revisiting Ethereum’s long-standing reliance on Layer 2 networks for scaling. Vitalik’s comments come as ETH USD slipped another -2% overnight to $2,270, with the total crypto market cap falling back below $2.7 trillion.
This comes at a time when most of Ethereum’s business lives off the main chain, which raises a simple question: has scaling drifted too far? Ethereum has spent years pushing transactions to L2s to reduce fees and congestion.
This strategy worked on costs, but it also created trade-offs around control and trust. Today, the project’s original architect says those tradeoffs are too big to ignore. Another talking point for Ethereum is yesterday’s (February 3) ETF flows, which saw BlackRock purchase $42.9 million worth of ETH, marking a green day for the products.
Speaking of L2, even though Ethereum is saturated with it, there still isn’t one for Bitcoin, until now. Bitcoin Hyper (HYPER) is one of the hottest crypto presales in recent memory, having raised over $31 million to date. Stay until the end to find out why HYPER is a must-buy for 2026.
Read the full story here.
The post Crypto News Today, February 4: Down Again, Thanks Crypto! BTC USD Falls to $72,000 Before Rollback, ETH Down 25% in One Week appeared first on 99Bitcoins.
