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On Thursday, Bitcoin plunged to $60,000, a 30% drop in seven days. Traders on X (formerly Twitter, for those still living in 2022) spun tales wilder than a Steinbeck novel. Flood, a crypto trader with a flair for drama, called it the “most vicious selling” he’d seen in years, claiming it felt “forced” and “indiscriminate.” He floated ideas ranging from a sovereign nation dumping $10B+ to an exchange blowing up like a firecracker in a mailbox.

The XRP Ledger has activated a new network feature after strong validator support. The change follows approval of XLS-80 with more than 91 percent backing.

Matt Hougan, the chief investment officer at Bitwise Asset Management (a fancy title that sounds like he should be wearing a monocle), took to social media platform X on February 3, 2026, to drop some knowledge bombs. He declared that the crypto market entered this prolonged winter back in early 2025. And guess what? We might be closer to finding our summer beach bodies than we think!

Binance Research found that the market shift began after Kevin Warsh was nominated to lead the Federal Reserve. Investors believed his past views suggested he would reduce the money supply, which led to many traders selling off their leveraged positions.

Once crowned “digital gold,” bitcoin seems to be having an identity crisis, wandering off from traditional safe havens like it’s trying to find itself at a yoga retreat. But, according to JPMorgan, maybe this wild detour could actually benefit bitcoin in the grand scheme of things.

Ah, Michael Saylor’s Strategy, bravely standing on the precipice of a $7.05 billion loss as its beloved Bitcoin (BTC) plummets beneath the once-coveted $70,000 threshold-a number last seen during the glory days of November 2024.

While the prices may be akin to a wobbly chair at a dinner party-fluctuating and precarious-the on-chain momentum of XRP behaves as a diligent butler, steadily gaining pace. After enduring a languorous intermission, the transaction velocity has decided to don its dancing shoes once again.

Now, this Ripple-linked fiasco is flirting with the idea of dropping below Circle’s USDC stablecoin in market cap. I mean, what a fall from grace!

A public debate has erupted like a bad case of gas over Bitmine Immersion Technologies’ ethereum holdings. One brave soul on X claimed that Bitmine’s ETH position is down about $6.6 billion on paper. That’s right, folks-$6.6 billion! They even suggested that if Bitmine sold, it could weigh down Ethereum’s future price like a ton of bricks. Who knew Ethereum was so sensitive?

Once a beacon of hope, the Ripple (XRP) token now languishes at the abyssal low of $1.3495, a level reminiscent of a long-forgotten tale of prosperity, having plummeted from its grand height of $3.6650. What a comedy of errors!