Why Is Crypto Down Today? – February 6, 2026
The crypto market is down today, posting another significant decrease. It fell 8% over the past 24 hours to $2.3 trillion. Moreover, 90 of the top 100 coins saw their prices drop. At the same time, the total crypto trading volume stands at $356 billion, the highest it’s been in months.
TLDR: Crypto market cap is down 8% on Friday morning (UTC); 90 of the top 100 coins and 9 of the top 10 coins have dropped; Five of the top 10 saw double-digit decreases, as did 41 of the top 100; BTC decreased by 9.1% to $64,744, and ETH fell 1.7% to $2,281; Bitcoin’s entity-adjusted realized loss hit a record $3.2 billion on 5 February; BTC breaching $69,000 doesn’t rule out further short-term downside; A base is most likely to form in the…
