BitRiver, Russia&#8217;s largest bitcoin mining operator, is facing bankruptcy after 
a court initiated insolvency proceedings over unpaid debts.

Russia’s BitRiver faces bankruptcy over unpaid debts

Bitcoin’s latest stumble has caught the attention of several crypto desks, 
with Galaxy Digital’s Alex Thorn warning that mounting technical and onchain 
signals suggest prices may still have room to fall. Thorn Sees More Bitcoin 
Pain Before a Bottom As of Monday, Feb. 2, 2026, bitcoin was trading at 
$78,640 per coin, roughly 37.6% below […]

Bitcoin Weakness Points Lower as Galaxy’s Head of Research Flags Risk of Deeper Pullback

XRP&#8217;s derivatives market has experienced a structural shift as leveraged 
positions continue to decline across major cryptocurrency exchanges

XRP open interest drops to lowest level since 2024 as leverage unwinds

Bitcoin&#8217;s recent price decline has prompted renewed discussion among market 
analysts about the potential for an extended downturn in cryptocurrency 
markets, according to statements from industry observers.

Bitcoin analysts debate market outlook amid price decline

The Solana price has entered the new month under pressure after losing a level 
that had acted as a psychological anchor for much of the past year. The 
token’s drop below $100 shifted market attention from recovery narratives to 
damage control. Related Reading: Crypto Hacks Explode: $370 Million Stolen In 
January Alone: Researchers Traders are now closely watching whether upcoming 
support levels can halt a decline that has accelerated amid overall weakness 
in the crypto market. Although network activity and institutional interest 
continue to draw attention, short-term price movements have clearly shifted 
into a bearish trend. SOL&#8217;s price trends to the downside on the daily chart. 
Source: SOLUSD on Tradingview Solana Price Breaks $100 as Selling Pressure 
Builds Before bouncing back to the current $102 level, the Solana price dipped 
to around $98, marking its lowest point in nearly ten months and extending 
losses to nearly 20% over the past week and approximately 25% over the last 
month. Trading activity has thinned as prices fell, with spot volume and 
derivatives participation both declining. Data from CoinGlass shows falling 
open interest, suggesting long positions are being unwound rather than a surge 
in aggressive short selling. The move has not occurred in isolation. A wave of 
market-wide liquidations over the weekend, combined with thin liquidity, 
amplified downside moves across major cryptocurrencies. Macroeconomic concerns 
have also weighed on sentiment after renewed expectations of tighter U.S. 
monetary policy following President Trump’s nomination of Kevin Warsh as the 
next Federal Reserve chair, a choice viewed as hawkish by markets. Technical 
Outlook Points to Lower Support Levels From a technical perspective, Solana’s 
structure has weakened. The break below $100 confirmed a pattern of lower 
highs and lower lows, with the Solana price hovering well beneath its 
declining short-term moving averages. Bollinger Bands are widening, and Solana 
price action remains near the lower band, suggesting downward momentum remains 
dominant rather than stabilizing. Momentum indicators underline the pressure. 
The daily relative strength index is hovering near 25, placing SOL deep in 
oversold territory. While this increases the probability of short-term 
bounces, it does not, on its own, signal a trend reversal. On the downside, 
traders are watching the $95 area closely, followed by a broader $92–90 zone. 
Below that, $85 and $80 stand out as larger historical support levels. Some 
on-chain and pattern analyses suggest that if selling accelerates, thinner 
support could expose deeper zones later in the year. Fundamentals Remain 
Active Despite Weak Price Action Despite the bearish price forecast, Solana’s 
underlying network metrics remain comparatively strong. January transaction 
counts rose sharply, and recent data shows continued growth in on-chain 
activity and stablecoin usage. Institutional interest has been mixed but not 
absent, with earlier January inflows offset by more recent Solana ETF 
outflows. Related Reading: Is The Bitcoin Bottom In? CMT Reveals What Traders 
Need To See Now Currently, the technical picture dominates. Solana would need 
to reclaim $110 and hold above key moving averages to ease bearish pressure. 
Until that happens, rallies are likely to be viewed as corrective moves within 
a broader downtrend, leaving the next support levels as the market’s immediate 
test. Cover image from ChatGPT, SOLUSD chart from Tradingview

Cryptocurrency price in MMK