Cryptocurrency markets faced another wave of selling on February 4 as Bitcoin and Ethereum led a broad decline across digital assets. Bitcoin briefly dropped to around $72,000 during the session before managing a modest bounce, highlighting the fragile state of market confidence and ongoing volatility. The move came amid cautious sentiment, profit-taking, and heightened sensitivity to macroeconomic signals affecting risk assets globally.
Ethereum experienced even steeper pressure, falling roughly 25% over the past week, as traders reduced exposure to altcoins and higher-risk positions. The sharp weekly decline reflects how quickly sentiment has shifted, with investors moving defensively and liquidations adding to the downward momentum.
Across the market, leveraged positions were flushed out as price swings intensified, contributing to rapid intraday moves and uncertainty among traders. While brief rebounds suggest buying interest at lower levels, the overall tone remains cautious as participants assess whether this is a temporary correction or the start of a deeper retracement.
The February 4 session served as a reminder of crypto’s volatility, with major tokens struggling to hold key levels and investors closely watching for signs of stabilization in an otherwise unsettled market.
