Here’s a quick recap of the crypto landscape for Wednesday (February 4) as of 10:00 a.m. UTC.
Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrencymarket news
Bitcoin and Ether price update
Bitcoin (BTC) was priced at US$76,006.40, down by 3.3 percent over 24 hours.
Chart via TradingView
Bitcoin price performance, February 4, 2026.
Ether (ETH) was priced at US$2,257.53, down by 3.4 percent over the last 24 hours.
Altcoin price update
- XRP (XRP) was priced at US$1.60, down by 2.7 over 24 hours.
- Solana (SOL) was trading at US$97.04, down by 8 percent over 24 hours.
Today’s crypto news to know
Bitcoin-led selloff wipes nearly US$500B from crypto market
A sharp crypto selloff has erased nearly half a trillion dollars in market value in less than a week with Bitcoin leading the decline, according to a Bloomberg report.
Total crypto market capitalization has fallen by about US$467.6 billion since January 29. Meanwhile, Bitcoin slid to its lowest level since Donald Trump’s re-election in early November 2024, briefly touching US$72,877 in U.S. trading before clawing back to around US$75,900.
The pullback comes despite a more crypto-friendly White House and growing institutional adoption, reflecting how fragile sentiment remains after months of heavy leverage.
More than us$700 million in bullish and bearish bets were liquidated in the past 24 hours alone, taking total liquidations since January 29 to over US$6.6 billion, according to CoinGlass data.
TRM Labs hits unicorn status
Blockchain intelligence firm TRM Labs has reached a US$1 billion valuation after closing a US$70 million Series C funding round.
The round was led by Blockchain Capital and included backing from Goldman Sachs, Bessemer Venture Partners, Brevan Howard, Thoma Bravo and Citi Ventures. Co-founder Esteban Castaño said the company was built around the belief that widespread crypto adoption would inevitably require sophisticated risk and compliance tools.
TRM gained traction with law enforcement agencies and financial institutions by tracking activity across multiple blockchains, an early strategic choice that helped it compete with more established rivals.
Saylor defies critics as Strategy’s Bitcoin bet turns underwater
Michael Saylor doubled down on his Bitcoin conviction this week even as Strategy’s vast holdings slipped below their average purchase price.
Bitcoin’s drop under roughly US$76,000 has pushed Strategy’s estimated cost basis into negative territory, leaving the firm about US$630 million underwater on paper, according to market estimates cited by critics.
The company has accumulated more than 712,000 bitcoins since 2020 using a mix of share issuance and convertible debt, a strategy that paid off during the bull market but now faces renewed scrutiny.
Bitcoin critics including Peter Schiff argue that Strategy’s aggressive buying helped fuel the earlier rally and that slowing purchases are now exacerbating the decline.
Saylor has rejected that view, posting on X that volatility is “Satoshi’s gift to the faithful” and reiterating his rule to “Buy Bitcoin.”
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Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.