So Yesterday was just another manic Monday after all. Yesterday, we woke up to red candles, bad vibes, and a pit in our stomachs as the weekend chewed through liquidity. Yesterday was bad and sad. But today, we are happy, Bitcoin price clawed back 3% to the high $78K level while Ethereum jumped close to 5%. Why is crypto up today?
Oversold conditions are likely the answer; it always snaps back. Look at it this way, after a heavy weekend of selling, buyers stepped in for a classic intervention, then the bounce draws retail inflows, always the same playbook. Whales accumulated into weakness as we panicked.
Why is Crypto Up? Bitcoin Price and Ethereum Price Find Their Footing
So what did happen from a technical standpoint? Bitcoin price dipped into liquidity around $75,000, shook out leverage, then bounced between firm support near $74,500 and resistance close to $80,000. This sandwiching range is a tightening spring. Although more catalyst is needed for this move to continue, progress on the US CLARITY bill could make Bitcoin price run toward $82,000.
GM! #BTC Liquidation Heatmap(24 hour)
High leverage liquidity.
Short-term: BTC likely chops in range before a liquidation sweep triggers direction. pic.twitter.com/GTeYiFEP9g
— CoinGlass (@coinglass_com) February 3, 2026
Bollinger Bands remain stretched, and are hinting that volatility is far from done, but whales buying the dip help the long-term price action.
(source – Bitbo)
Ethereum price, as the first sign for altcoin movement, followed, rebounding from the oversold territory of $2,200 inside a falling wedge pattern. A clean break above $2,600 would open the door to $2,700, while failure could drag ETH back toward $2,100.
Crypto is up but altcoins still look sleepy, why? Bitcoin dominance finally blasts 60% after staying below for so long, as we keep waiting for altcoin season. The altcoin market needs Bitcoin to run and stabilize higher for alts to run, though TOTAL3 holding firm, around $769 billion, suggests rotation could follow if Ethereum price maintains above $2,300.
(source – TradingView)
DISCOVER: 10+ Next Crypto to 100X In 2026
Liquidity, Whales, and Institutions
Global liquidity is quietly improving, providing a good macro backdrop. US M2 is up 4.6% year over year, Eurozone M3 sits at 3.1%, and China’s M2 growth remains above 8%. Risk assets sniff this out early. Even with hawkish noise from Washington, looser policy expectations later are giving crypto breathing room.
From the institutional level, MicroStrategy added 855 BTC before the dip, pushing holdings above 713,000 coins. Binance converting a large chunk of its SAFU fund into Bitcoin effectively builds a structural buying wall.
Strategy has acquired 855 BTC for ~$75.3 million at ~$87,974 per bitcoin. As of 2/1/2026, we hodl 713,502 $BTC acquired for ~$54.26 billion at ~$76,052 per bitcoin. $MSTR $STRC https://t.co/tYTGMwPPUF
— Michael Saylor (@saylor) February 2, 2026
Regulatory progress also comes from East Asia, Hong Kong’s upcoming stablecoin licenses, and South Korea’s deployment of AI systems (to monitor manipulation), making the scene less hostile for crypto than a year ago.
Four straight red months for Bitcoin are not looking good; it marks the worst stretch since 2018’s 6-month red streak. We might also see a 5-month red streak if February doesn’t improve.
(source – Coinglass)
Liquidations in billions are the norm now, but DeFi TVL is ticking higher, and funding rates are staying neutral; the room for growth is still spacious enough.
So why is crypto up today? Bitcoin price tests key moving averages at $80,000, while Ethereum eyes a push toward $2,500. Whether this bounce turns into something bigger still needs confirmation. Let’s see what this week brings.
DISCOVER:
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Is this the start of a bear market or its end? Bitcoin’s long, painful slide may be closer to the finish line than many fear. Analysts at Compass Point say the crypto bear market is entering its final phase, even after Bitcoin slipped below $81,000 and briefly dipped into the mid-$70,000s. Pushing BTC far below $60,000 would likely require a full-blown U.S. stock market selloff. Compass Point points to $60,000–$68,000 as the floor for Bitcoin. Around 7% of long-term holders, people who have held BTC for six months or more, bought in this range. Finding the floor is a psychological necessity: not only gives possible entries for buyers, but it also shapes decisions about panic selling versus patient holding. Read our coverage here. Stani Kulechov, the founder of Aave DeFi, reportedly bought a £22M mansion in London’s Notting Hill, paying around £2M below the broker’s guidance price. Around the same time, the AAVE price, the token tied to his DeFi platform, trades at roughly $126, following a heavy period of negative price action. The backdrop matters, as crypto founders are still wealthy enough to buy multimillion-dollar properties while their tokens suffer and investors get ‘rekt’. There is still over $100Bn in TVL (Total Value Locked) spread across the DeFi sector, with over a quarter in Aave, according to DefiLlama. While this is significant and bodes well for the space, lagging token prices and dwindling TVL are becoming a cause for concern for DeFi users and investors. (SOURCE: DefiLlama) Read the original story here. Hyperliquid rolled out its HIP-4 upgrade on testnet this week, adding prediction market contracts to its trading engine. As news broke that Hyperliquid could be about to enter the Prediction Markets space, the HYPE price reacted quickly, jumping +20% in 24 hours. HYPE is now trading just under $37, with daily derivatives volume reaching $11.7Bn, making it one of the hottest tokens on the market right now as broader market sentiment remains bearish. This move comes as on-chain trading continues to pull users away from traditional exchanges, and Hyperliquid is leading the charge, outperforming all major caps, including
. Read our full coverage here. Early Bitcoin, Ethereum, or even XRP investors, including VCs and angels, are already rich. Bitcoin rose by more than 1 million percent in the last decade, while Ethereum, per some projections, may reach $10,000 before 2030. Solana, XRP, and other top 10 cryptos are already up several multiples from their all-time lows. Given this, institutions will always track the industry, looking for safe ways to gain exposure. While crypto products approved in the US are already gaining traction, drawing billions from Wall Street, there are noteworthy moves in the otherwise restrictive EU. So far in early February, spot Bitcoin ETF issuers manage over $100Bn despite massive outflows in January. (Source: SosoValue) Recently, ING Germany rolled out crypto ETP trading for retail investors, giving direct exposure to Bitcoin, Ethereum, and Solana through regular securities accounts. While the product is definitely attractive, the timing coincides with a period when crypto sentiment has taken a hit. Bitcoin, Solana, and Ethereum are trading at around 2026 lows, extending losses from Q4 2025. Read our full coverage here. Elon Musk is always chasing big things. Reusable rockets, The Boring Company, social media, and SpaceX, and yet he remains a major part of each. He is also a centi-billionaire. A level deeper, he might even hold some DOGE. Who knows? He was the head of DOGE before Trump slammed the brakes on “efficiency.” As the US government is locked in a partial shutdown, xAI, the AI startup so dear to Musk, is merging with SpaceX, placing their combined valuation at over $1.25T. This means SpaceX and xAI alone are worth roughly the same as the total market cap of Bitcoin. Even combining the value of all meme coins, including those breakout tokens from Solana, none come close. From what we know, following the merger, xAI opened a role for a crypto quantitative expert. For a company that also holds Bitcoin, this is big news, not just for short-term prices, but for the role crypto could play in the space race. It also signals that some of the top cryptos are being woven into the core infrastructure of the new firm. Read the full story here. January saw a record number of phishing scams and exploits, a problem that major exchanges can’t afford to ignore if they want to attract new users. For this reason, Binance Wallet launched a new Security Center designed to catch common Web3 wallet mistakes before they cost users money. Today, crypto wallets handle more funds, while losses from simple errors and scams keep climbing. That gap between freedom and safety has become one of the biggest pain points for beginners. Self-custody wallets now sit at the center of crypto usage. Binance Wallet said its user base jumped 71% in 2025, a sign that more people want full control over their coins. Your new security scanner for Web3 is here 🔐 Security Center automatically checks for potential risks and brings all security tools into one centralized hub, directly in Binance Wallet. Learn more 👉 https://t.co/nStujjMgtO pic.twitter.com/vQWNkk407I — Binance (@binance) February 3, 2026 Read the full story here. The release of the “Epstein Files” has dropped a strange new piece of lore into crypto history: newly released DOJ documents show Jeffrey Epstein alleged $3 million investment in Coinbase in 2014. This happened when the crypto exchange was still a small startup, and it’s worth noting that stake would be worth a fortune today. Let’s set aside the more disturbing and chilling details from the files for now. It’s possible Pierce himself influenced Jeffrey Epstein early investment in Coinbase. Interesting email from Coinbase CEO Brian Armstrong to investors found in the Epstein files. It's from February 2016, during Bitcoin's block size debate. Armstrong talks about how Coinbase is working in the background to ensure the network is not held back by "the early… pic.twitter.com/3MuxKyVhSz — Kyle Torpey (@kyletorpey) February 1, 2026 Read our full coverage here. 2025 was definitely the year of precious metals. Gold, silver, and plutonium rose to record levels. Although there have been sharp retracements, the uptrend remains. Silver and gold continue to dominate headlines. The yellow metal far outperformed Bitcoin, and the trend could continue in Q1 2026. Meanwhile, there are doubts about whether silver could extend gains, perhaps even reaching $150 this year. Among those calling the top are JPMorgan analysts. Coinciding with their assessment, silver appears to be stalling after a strong run as attention shifts back to Bitcoin and some of the best cryptos to buy. Read our coverage here. If the USD were to crash -10% today, the Fed would surely intervene. They wouldn’t even blink. The central bank has, in the past, intervened even in mundane situations. To ease market volatility, they might choose to tighten monetary policy. The pace would depend on prevailing conditions at that time. In the case of Bitcoin and other cryptos, there is no third party. All these coins exist outside the financial system and are, for lack of a better word, private. At launch, Satoshi Nakamoto set the protocol to mint a maximum of 21M BTC. This has not changed as of January 2026, and by the time the last coin is mined, it is unlikely that the total supply will change. Satoshi has not sold any Bitcoin, ever. The last transfer out of his wallets was 16 years ago. He is the best performing individual in crypto with a profit of $86 BILLION USD. He is the 22nd richest person in the world, and has never sold a single coin. If in doubt – check… https://t.co/6ZTKSouoDE pic.twitter.com/0fiabZoi13 — Arkham (@arkham) February 2, 2026 Because of the absence of a centralized system, BTC pricing depends on supply and demand. However, there are players enabling the trading of these coins. While they are mere facilitators, they hold immense power. As the Bitcoin price teeters, scaring traders and investors, one of the world’s largest exchanges by trading volume and client count is acting. Read the full story here. To make money in crypto, you need to be early. What better way to be early than a deal between UAE royals and the WLFI team? According to WSJ, just four days before Donald Trump’s second inauguration in January 2025, representatives tied to Abu Dhabi royal Sheikh Tahnoon bin Zayed Al Nahyan quietly signed an agreement to buy a 49% stake in the Trump family’s crypto project, World Liberty Financial (WLFI), for $500 million, according to company documents and people linked to the project. The buyers paid half the amount upfront, directing about $187 million straight to Trump family entities. https://twitter.com/tier10k/status/2017780627894898788?s=61 Read the full story hereBitcoin Bear Market Nears End? Analysts Flag $60K as Line in Sand
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