Bitcoin’s latest slide has pushed prices into territory not seen so far this 
year, with the market briefly trading near the low $75,000 area. Related 
Reading: Crypto Could Bounce Soon As Fundamentals Firm Up, Tom Lee Says Losses 
have piled up over recent months, leaving the asset well below its record peak 
and stirring fresh debate about whether the broader uptrend has stalled. The 
drop did not happen in isolation, though, and the timing points to wider 
pressure across risk assets rather than a crypto-only shock. Bids Cluster 
Below $73k Order books show thicker buy interest clustered in a range that 
stretches from about $71,500 down toward $64,000. According to market feeds, 
that demand is visible but tentative. When many bids sit on exchange books 
they can slow a fall, but they can also disappear quickly if sellers 
accelerate. Liquidations have amplified the slide: forced closures of 
leveraged longs have been reported in the millions and such events can create 
short, violent drops even where fundamental demand remains. This model shows 
current bitcoin price action is still sitting within historical norms at 
$74,000. Bitcoin is down ~40% from its October high while U.S. equities remain 
near all time highs, with the S&amp;P 500 down less than 10%. Under those 
conditions, a possible ~45% bitcoin… https://t.co/E8oiOKD3VE — Joe Burnett, 
MSBA (@IIICapital) February 3, 2026 Nothing Out Of The Ordinary According to 
Joe Burnett, vice president of Bitcoin strategy at Strive, the recent downturn 
still fits within patterns seen in prior market cycles. Burnett said Bitcoin 
hovering around the mid-$70,000 range reflects a drawdown size that has 
appeared before during periods of rapid adoption and price discovery. He added 
that swings of this scale tend to show up when an asset is still being priced 
by the market, rather than when it has settled into a stable trading range. 
Tech Stocks Drag On Risk Appetite The pullback in US tech names, particularly 
those tied to AI infrastructure, has been cited by several market watchers as 
a linked cause. NVIDIA and Microsoft were among the bigger drags on major 
indices, and reports note that weak sentiment around earnings and high-cost AI 
build-outs has left investors more cautious. When big growth stocks wobble, 
investors often trim other risky positions too, and crypto has been swept up 
in that flow. Related Reading: Trump Says He Was Unaware Of Abu Dhabi Royal’s 
$500 Million WLFI Investment Retail dip-buying was visible on some exchanges, 
and institutional spot purchases were reported as well. According to Burnett, 
a 45% drawdown is close to historical swings, which suggests volatility like 
this has precedents. That view does not remove pain for traders, but it does 
place the drop into a longer pattern rather than labeling it terminal. 
Featured image from Unsplash, chart from TradingView

Bitcoin Drops Again, Though Analysts Say The Move Isn’t Unusual

On Wednesday, Fidelity Investments’ digital currency arm Fidelity Digital 
Assets announced it launched its first stablecoin, the Fidelity Digital Dollar 
(FIDD), marking the firm’s formal entry into the U.S. dollar–pegged digital 
currency market. Fidelity Launches USD-Pegged Stablecoin on Ethereum Network 
Fidelity Investments, which oversees more than $12 trillion in assets under 
administration, introduced the Fidelity […]

FIDD Goes Live — Fidelity Brings Its Digital Dollar Stablecoin to Crypto Markets

Bitcoin’s 12-day ETF outflows, derivatives data and the crypto market’s in 
tandem trading with tech stocks suggest traders will continue to cut exposure 
to risk assets.

Spot Bitcoin ETF outflows total $2.9B as BTC price drops to new 2026 low

PEPE has pushed deeper into its corrective phase in early February after a 
sharp selloff wiped out nearly half of its value in just two weeks. The meme 
coin is now trading around its yearly low zone following a 48% decline that 
unfolded in line with a technical outlook shared by an analyst on X. PEPE&#8217;s 
price action since the start of the year shows a full unwind of a few days&#8217; 
rally, and the next question is whether the meme coin is still working through 
distribution or preparing the ground for its next major phase. PEPE Completes 
Full Reversal To Yearly Lows PEPE, like the rest of the crypto market, is 
trading in a bearish momentum. This bearish momentum is much more established 
among meme coins like PEPE, which have mostly been trading in a downtrend. 
PEPE, in particular, has been trading in a consistent series of lower highs 
and lower lows since May 2025. Related Reading: PEPE’s Reversal Move: Pushing 
Out Bears As Confirmation Closes In According to a technical update from an 
analyst, PEPE has now completed what he described as a full reversal toward 
its yearly low, with price unwinding the upside move that marked the opening 
weeks of 2026. The February update ties directly back to an earlier analysis 
published on January 5, where the same analyst warned that PEPE’s early-year 
rally showed characteristics of a manipulated move. Back then, its price 
surged directly from the yearly open to $0.00000715 without printing lower 
wicks across multiple timeframes. Also, price failed to confirm quality 
accumulation confirmations at the bottom, which then led to a downside move 
just as fast as price pumped up. As it stands, PEPE has now corrected by 
around 48% from this January peak. No Accumulation Signals Yet Unlike the 
rally in early January, the ensuing drop did not occur impulsively in a single 
flush. Instead, it followed a steady corrective path that respected higher- 
timeframe targets laid out in advance. This is important context, with the 
analyst noting that hitting bearish targets does not automatically translate 
into an immediate bullish response. Related Reading: Why Meme Coins Like PEPE 
And FARTCOIN Are Ready To Explode Looking at PEPE from a structural 
standpoint, its price has done what was expected, but it has yet to show any 
behavior that would suggest accumulation or sustained demand stepping in at 
the current price level. Based on this perspective, there is a need for 
patience, as further consolidation or even additional volatility could still 
be required before a more constructive structure develops. At the time of 
writing, PEPE is trading at $0.00000425, having rebounded a little from an 
intraday low of $0.00000402. The technical outlook for now is that while the 
major corrective objectives have been met, PEPE might still continue its 
decline and keep falling in the near term. Featured image from Medium, chart 
from Tradingview.com

PEPE’s 48% Crash Sends It To Yearly Lows, But It’s Far From Over

IREN, once known for mining Bitcoin, is undergoing a dramatic reinvention as 
an AI infrastructure provider—a transformation that will soon face a critical 
test.

Cryptocurrency price in CLP