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[LIVE] Crypto News Today: Latest Updates for Feb. 05, 2026 – BTC and ETH Slide as Crypto Market Dips Over 6%; CeFi Sector Hit Hardest

Follow up to the hour updates on what is happening in crypto today, February 5. Market movements, crypto news, and more!

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Jai Pratap

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Jun 2023

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Jai serves as the Asia Desk Editor for Cryptonews.com, where he leads a diverse team of international reporters. Jai has over five years of experience covering the web3 industry.

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February 5, 2026

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

[LIVE] Crypto News Today: Latest Updates for Feb. 05, 2026

The cryptocurrency market is facing intense selling pressure this Thursday, with Bitcoin (BTC) and Ethereum (ETH) leading a broad-based retreat that has sent total market capitalization sliding over 6%. Bitcoin recently dipped below the psychological $72,000 mark, falling nearly 5%, while Ethereum has struggled to maintain its footing above $2,100 following a 4.66% drop. The decline is most acute in the CeFi sector, which tumbled 6.05% behind heavy losses from Binance Coin and Nexo. Despite the sea of red across Layer 1 and PayFi assets, pockets of resilience remain; White Whale (WHITEWHALE) surged over 28%, and DeFi newcomer River (RIVER) gained 13.69%. Investors remain on high alert as macro headwinds and institutional outflows continue to test key technical support levels.

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