Cryptocurrency

Crypto Markets Slide: ETH Drops 7%, BTC Below $75K

Crypto Markets Slide: ETH Drops 7%, BTC Below $75K

Crypto Markets Slide: ETH Drops 7%, BTC Below $75K

Crypto Markets Face Fresh Downturn as Major Assets Tumble

Generally, the cryptocurrency market was pretty bad on February 2, 2026, and i felt the vibe was kinda off. Naturally, Ethereum (ETH) led the way down, dropping more than 7% and trading below $2,300, while Bitcoin (BTC) slipped over 3% briefly dipping under $75,000. Obviously, most sectors posted losses, but a few tokens managed to do okay, which is pretty interesting.

Market Overview: Losses Across the Board

Apparently, in the past 24 hours, risk appetite stayed weak and almost every crypto fell, it seems. Normally, Solana (SOL), XRP, and Dogecoin (DOGE) also fell, though not as steep as ETH’s tumble, luckily.

  • Ethereum (ETH): Down 7.38% to $2,257.33, which is alot.
  • Bitcoin (BTC): Down 3.04% to $76,307.96, thats a big drop.
  • Solana (SOL): Down 3.72% to $101.21, not good.
  • XRP: Down 4.36% to $1.59, thats a pretty big loss.
  • Dogecoin (DOGE): Down 0.52% to $0.10, which is okay i guess.

Clearly, Layer 1, Layer 2, DeFi, CeFi, Meme, and PayFi tokens all faced pressure, but a few outliers like zkSync, MYX Finance, and Ultima actually posted gains, which is nice. Generally, The SocialFi sector seemed the only one stayin’ positive, it appears.

Blockstream CEO Addresses Epstein Ties Amid Controversy

Actually, Adam Back, the CEO of Blockstream, put out a statement denyin’ any financial ties to Jeffrey Epstein or his estate, which is good to know. Naturally, the clarification came after renewed scrutiny over Blockstream’s early funding history, it seems.

Obviously, Back said Epstein was introduced to Blockstream in 2014 during a seed‑round roadshow through Joi Ito, then director of the MIT Media Lab. Apparently, At that time, Epstein was called a limited partner in Ito’s fund, which later took a minority stake in Blockstream but exited months later because of conflict concerns, luckily.

Generally, In a tweet on Feb 1, Back wrote:

“In 2014, during Blockstream’s seed‑round investor roadshow, the company was introduced to then MIT Media Lab director Joi Ito. Subsequently, Blockstream met with Jeffrey Epstein, who was described at the time as a limited partner in Ito’s fund. That fund later invested a minority stake in Blockstream but exited shortly after due to conflicts and other issues, it appears.”

What’s Next for Crypto Investors?

Apparently, as volatility keeps rolling, analysts are watching key support levels for Bitcoin and Ethereum, it seems. Naturally, Some think Bitcoin’s dip to $77K could be a cycle low, while others warn more downside if selling pressure stays, which is a concern.

Generally, I always tell folks that due diligence and risk management are crucial, especially when the market flips fast, obviously. Clearly, SocialFi shows some resilience, but overall the mood stays cautious, and traders are waiting for clearer signals before making bold moves, it appears.

Looking Ahead

Obviously, the next moves will likely be shaped by macro‑economic factors, regulatory news, and investor sentiment, it seems. Naturally, Staying informed and monitoring trends will be key for navigating the coming volatility, which is a must.

Generally, for real‑time updates and expert analysis, follow trusted sources and consider tools like crypto price trackers, gas fee monitors, and tax calculators to stay ahead in this fast‑moving space, which is a good idea, apparently.

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