Crypto Market News Today, February 2: Manic Monday? Crypto Messed Up, Liquidation Hit Record, Ether USD Risks Falling Below $2K

Is that this simply one other manic Monday? Crypto at the moment is way from a routine, market wobble, everybody pretending this was a part of the plan, and bullish information in all places nonetheless. From record-breaking crypto liquidation and a few calling off the incoming supercycle, February opened with all of the subtlety of a margin name at 3 a.m.

As crypto liquidation stacks up and Ether USD flirts with a psychological cliff, conventional protected havens have began a nasty downtrend, too. Gold faceplanted, dropping 4.5% at the moment alone and greater than 17% from its all-time excessive only a few days in the past. Gold is now sitting at $4,600 stage per ounce, wiping near $2 trillion off its implied market cap at the moment.

I imply, if an asset that’s been worshipped since Roman instances can slide that tough, what’s going to occur to crypto? Or is that this simply one other manic Monday?

Crypto Information In the present day Spotlight: Report Crypto Liquidation

The numbers are ugly, even by crypto requirements. Crypto liquidation peaked at $2.56 billion on January 31, rating because the tenth-largest wipeout day in historical past. Lengthy positions absorbed practically all of the injury, with about $2.41 billion erased as overleveraged bets met actuality. These are 10 of the most important liquidation days in crypto historical past:

October 10, 2025 ($19.16 Billion): The most important liquidation in historical past, triggered by U.S. tariffs on China (100%). Over 1.6 million merchants had been liquidated as Bitcoin flash-crashed briefly towards $14,500.
April 18, 2021 ($9.94 Billion): Fueled by rumors of a US AML crackdown and an influence outage-induced mining ban in China.
Could 19, 2021 ($9.01 Billion): A “black swan” occasion following Tesla’s cancellation of BTC funds and China’s bolstered crypto ban.
February 22, 2021 ($4.10 Billion): A pointy correction after a protracted overheated uptrend within the early 2021 bull market.
September 7, 2021 ($3.65 Billion): Occurred on the day El Salvador adopted Bitcoin as authorized tender; a “sell-the-news” occasion that led to an enormous dump.
September 22, 2025 ($3.62 Billion): A significant flush of over-leveraged lengthy positions following a shift in world macro indicators.
February 23, 2021 ($3.15 Billion): Triggered after U.S. Treasury Secretary Janet Yellen criticized Bitcoin as “extraordinarily inefficient”.
April 23, 2021 ($2.92 Billion): Pushed by considerations over a proposed enhance in U.S. capital features tax.
April 16, 2021 ($2.77 Billion): Resulted from Turkey banning using cryptocurrencies for funds.
January 31 – February 1, 2026 (~$2.5 Billion): A latest main crash the place Bitcoin fell to $77,000, inflicting a $2.5 billion wipeout throughout Bitcoin, Ethereum, and XRP.

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Bitcoin
BTC

$77,030.52


3.44%

Bitcoin
BTC


Value

$77,030.52

3.44% /24h





Quantity in 24h

$62.86B
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Value 7d

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Purchase with Greatest Pockets

slid to round $76,000, down 3% in a single market opening.

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Ethereum
ETH

$2,253.47


7.18%

Ethereum
ETH


Value

$2,253.47

7.18% /24h





Quantity in 24h

$40.66B
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Purchase with Greatest Pockets

fared worse, tumbling over 22% in every week to roughly $2,200 as we watch $215 million in lengthy liquidations roll in.

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Solana
SOL

$101.91


4.94%

Solana
SOL


Value

$101.91

4.94% /24h





Quantity in 24h

$6.75B
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Value 7d

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Purchase with Greatest Pockets

dropped greater than 5% at the moment, slipping beneath $100 with one other $36 million flushed out.

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XRP
XRP

$1.59


4.30%

XRP
XRP


Value

$1.59

4.30% /24h





Quantity in 24h

$4.50B
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Value 7d

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Purchase with Greatest Pockets

adopted alongside, and Im stopping right here.

(supply – CoinGecko)

About $200 billion has been liquidated within the final two weeks, making the opening stretch of 2026 very ugly. Neglect the information, the crypto complete market cap has shrunk by $800 billion from October highs to at the moment, however the chart reveals a doable backside, identical to what we now have seen in 2022. They’re oddly comparable.

(supply – Complete Crypto MarketCap, TradingView)

DISCOVER: 10+ Subsequent Crypto to 100X In 2026

Drama, Drama, Drama

As if the worth motion wasn’t sufficient, crypto additionally delivered a recent batch of reports and drama at the moment. OKX’s CEO accused Binance of contributing to the October 2025 crash by way of a 12% APY USDe promotion that inspired leverage loops. In accordance with the declare, dangerous collateral was handled like a seatbelt, turning a tariff shock into practically $19 billion in cascading crypto liquidation.

No complexity. No accident.10/10 was attributable to irresponsible advertising campaigns by sure corporations.

On October 10, tens of billions of {dollars} had been liquidated. As CEO of OKX, we noticed clearly that the crypto market’s microstructure basically modified after that day.… pic.twitter.com/N1VlY4F7rt

— Star (@star_okx) January 31, 2026

Elsewhere, Justin Solar is dealing with allegations from a self-described former lover. She claims coordinated TRX manipulation by way of a number of Binance accounts. Screenshots, chat logs, and testimony have reportedly been supplied to regulators. Whether or not substantiated or not, the steamy story added gasoline to an already nervous market.

I used to be Justin’s girlfriend through the early phases of his entrepreneurship with TRX.I’m in possession of proof exhibiting that he used the identities and cellphones of a number of workers to register quite a few Binance accounts, by way of which he carried out coordinated shopping for and… https://t.co/u38AHSVC8A

— 曾颖 (@tenten19901107) February 1, 2026

Michael Saylor additionally resurfaced in unrelated Epstein electronic mail disclosures, described unflatteringly by publicist Peggy Siegel. Whereas circuitously market-moving, it’s a drama price mentioning. And we additionally love Saylor.

Epstein’s PR stylish Peggy couldn’t work out social engineer Saylor so she dubbed him a “creep” “zombie on medication” anti-social and he or she had “run away from him.”

Pay attention Peggy. Saylor is on a mission. Steadfast, centered on $BTC. he’s not falling for this pedo BS. pic.twitter.com/Q6SIRry5Dp

— S (@0xSaliha) February 1, 2026

What’s Subsequent? Expectation?

Ether USD appears to be like ok-ish. The each day RSI sits close to 32, oversold territory coming, whereas MACD stays firmly bearish. Assist round $2,200 is now doing heavy lifting, however a clear break may drag Ether USD towards the $2,000 mark.

Bitcoin’s RSI, however, is close to 35, with resistance round $80,000 and help nearer to $70,000. Dominance has crept up nearer to 60% than ever as altcoins bleed. The Concern and Greed Index plunged to 14, signaling excessive worry, though traditionally, it is a zone the place markets stabilize.

Crypto at the moment presents two paths: a consolidation if helps maintain, or deeper ache if dangerous information retains coming. But when historical past is any information, recoveries typically observe moments like this. Liquidation numbers have bumped as a result of there may be extra money within the trade, and Bitcoin has finished greater than 5X since its 2022 low to the ATH. It’s not all doom, however liquidation waves have proved, hope with out danger administration is simply leverage in disguise.

Should catch an early practice, bought to be to work by 9, and if I had an aeroplane, I nonetheless couldn’t make it on time. Simply one other manic Monday. Perhaps.

DISCOVER:

16+ New and Upcoming Binance Listings in 2026
99Bitcoins’ This autumn 2025 State of Crypto Market Report

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The publish Crypto Market Information In the present day, February 2: Manic Monday? Crypto Messed Up, Liquidation Hit Report, Ether USD Dangers Falling Under $2K appeared first on 99Bitcoins.

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