Here’s a quick recap of the crypto landscape as of Monday, February 2 at 9:00 p.m. UTC.
Get the latest information on Bitcoin, Ether and altcoins, plus an overview of the top cryptocurrency market news.
Bitcoin and Ether Price Update
Bitcoin (BTC) was priced at US$77,944.63, up 1.2 percent over 24 hours.
Bitcoin price performance, February 2, 2026.
Chart via Trading View.
Bitcoin fell to its lowest level since April last year over the weekend, briefly touching the US$74,000 mark. The decline ended Bitcoin’s fourth consecutive monthly decline and its longest losing streak in seven years.
“The crypto market is currently suffering from panic among speculative participants,” said Samer Hasn, senior market analyst at XS.com, pointing to a sharp contraction in derivatives activity and persistent outflows from Bitcoin spot exchange-traded funds. Bitcoin open interest fell 1.68% to $52.21 billion in the four hours to Monday’s close, with $6.55 million in liquidations, mostly from long positions, according to CoinGlass data.
Geopolitical uncertainty has added another layer of tension. “Concerns about the situation with Iran were the main news factor weighing on the market,” said Vasily Shilov, director of business development at SwapSpace. Shilov noted that increased geopolitical rhetoric, combined with trade threats and the U.S. Federal Reserve’s decision to keep interest rates unchanged, has pushed investors toward liquid assets and away from exposure to higher risks.
Some analysts warn that bearish sentiment could persist into the first half.
Ray Youssef, CEO of NoOnes, said capital outflows into precious metals and uncertainty surrounding U.S. fiscal policy have tilted market dynamics in favor of sellers. While Bitcoin found temporary support near US$75,000, Youssef said the US$73,000 level is now critical, with a prolonged breakout potentially accelerating losses.
Investors are now looking to upcoming U.S. economic data and Congress’ direction on crypto policy as signals on whether the current pullback marks another test of resistance or the start of a deeper bear phase.
Ether (ETH) was priced at US$2,318.68, up 0.2% in the last 24 hours.
Altcoin Price Update
- XRP (XRP) was priced at US$1.62, up 1.2 over 24 hours.
- Solana (SOL) was trading at US$103.69, up 1.9% over 24 hours.
Today’s crypto news to know
Trump administration officials meet on stablecoin performance and the CLARITY Act
Trump administration officials met with crypto and banking industry representatives on Monday to discuss the issue of stable coin yield in the Senate’s proposed market structure bill. The Digital Chamber, a cryptocurrency advocacy group, reported that CEO Cody Carbone visited the White House to discuss the CLARITY Act.
Issues expected to be addressed ahead of the Senate Banking Committee’s delayed markup include tokenized stocks, decentralized finance, crypto ethics for elected officials, and stablecoin rewards.
Carbone called the meeting “exactly the type of progress needed” to resolve key hurdles, adding his optimism that detailed policy work “will create a level playing field for digital assets in the United States.”
Jupiter secures strategic investment from ParaFi Capital
Jupiter, a Solana-based on-chain trading and liquidity aggregation protocol, said it has secured a strategic investment of US$35 million from ParaFi Capital, a financial technology company that provides integrated financing powered by artificial intelligence, as well as capital solutions for small businesses.
According to reports citing NS3.AI, the transaction was structured to reflect a long-term alignment, including selling tokens at market prices without discounts and with an extended lock-up period. The entire investment was settled using Jupiter’s JupUSD stablecoin. Additionally, the deal included mandates for ParaFi Capital to purchase additional tokens at higher prices. Financial terms beyond the $35 million investment were not disclosed by the companies.
Bed Bath & Beyond to Acquire Tokens.com
Bed Bath & Beyond (NYSE:BBBY) announced the acquisition of Tokens.com to create a unified investing and personal finance platform aimed at addressing the fragmented financial services market by providing a one-stop shop for real estate and other real-world asset financing. Tokens.com will become wholly owned by Bed Bath & Beyond, leveraging the company’s experience as an early investor and promoter of blockchain technology, as well as the infrastructure and regulatory expertise of its portfolio. Bed Bath & Beyond currently holds strategic investments in digital assets, including tZERO and GrainChain, both directly and through its Medici portfolio.
Chinese criminal networks moved $16 billion in crypto last year, report says
Chinese organized crime groups moved around $16 billion worth of cryptocurrency in 2025, representing around a fifth of global illicit crypto activity, according to a new report from Chainalysis.
These networks rely heavily on Telegram-based “collateralization” channels that act as informal escrow and marketing platforms for money laundering services. Investigators say the platforms facilitate not only money laundering, but also human trafficking, fraudulent operations and the sale of equipment used in Southeast Asian fraud hubs.
Stablecoins such as USDT and USDC are favored for their liquidity and low volatility, which help criminals avoid losses when transferring funds. Chainalysis estimates that the networks laundered approximately $44 million per day, often serving clients ranging from organized crime syndicates to sanctioned state actors.
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Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any of the companies mentioned in this article.
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