This time, there is no single triggering factor.

On February 6, 2026, at 8:00 AM UTC+8, the cryptocurrency market experienced a severe systemic correction, with mainstream assets such as Bitcoin, Ethereum, and SOL collectively plummeting, triggering billions of dollars in forced liquidations across the network. Bitcoin briefly fell below the **$60,800-$60,900** range, Ethereum dropped below **$1,800**, and SOL fell to below **$70**, with the total market capitalization of cryptocurrencies shrinking to approximately **$2.267 trillion**, evaporating over 10% of its market value within 24 hours.

BBX disclosed that Palantir has built its position for the first time, SBI is expanding liquidity, and TeraWulf has launched "zero carbon HODL."

The U.S. Treasury Secretary criticizes opponents of the cryptocurrency bill, suggesting that those who do not support regulators should move to El Salvador; Binance's Zhao Changpeng responds to rumors of insolvency; JPMorgan states that Bitcoin's long-term appeal surpasses that of gold.

The companies plan to expand global access to tokenized gold and allow the buying of bullion with Tether\\\'s stablecoins.

The Relative Strength Index (RSI), a popular technical trading indicator, has plunged to 17. Only the bear market bottom in 2018 and the 2020 Covid crash saw lower reads.

What to know : XRP tumbled more than 16 percent to about $1.29, the weakest performance among major tokens as bitcoin slid 7 percent, with roughly $46 million in XRP derivatives liquidations amplifyin

On February 5, 2026, at 8:00 AM UTC+8, **Gemini** announced that it would close its operations in **the UK, the European Economic Area, and Australia**, hitting the brakes hard for a trading platform that once boasted about its globalization story. According to the announcement, relevant accounts will be fully shut down on **April 6, 2026**. The platform has already entered the "asset withdrawal period" for existing users: **from March 5, only withdrawal functions will be retained**, after which the registration portal will be closed, incentive programs will be halted, and account permissions will be continuously restricted.

Even Multicoin no longer believes in Web3.

Shares of the company fell 5% in pre-market trading.

1. On-chain funds: None 2. Maximum price fluctuation: $I’m here, $WARD 3. Top news: After Multicoin co-founder Kyle announced his departure, the crypto community sounded the alarm on talent loss.

When all platforms are promoting precious metal contracts and tokenization of US stocks, is it a risk or an opportunity?

On February 5, 2026, the controversy surrounding the flow of funds at Binance suddenly intensified on crypto Twitter and various communities. Various "screenshots" and "exposés," combined with past memories of industry runs, quickly triggered a new wave of panic associations regarding fund safety. As public opinion approached its peak, Binance founder **CZ** publicly responded to the related rumors, citing statistics from multiple industry media and data platforms, stating that Binance maintained a level of several billion dollars over the periods of **1 day, 7 days, and 1 month**.