Why did digital currency go up today? – February 3, 2026

After a few days of intense decline, it rose Cryptocurrency market today. It increased by 2.5% in the last 24 hours to reach $ 2.72 trillion, but did not return above the $ 3 trillion mark. Also, 95 of the top 100 cryptocurrencies took off during this period. The total market capitalization of digital currencies reached $160 billion.

Winners and losers in the cryptocurrency market

On Tuesday morning (UTC), they were all seen The best digital currency The top ten in terms of market value has risen.

Bitcoin (BTC) It rose 2.8%, and is now trading at $78,533.

Ethereum (ETH) It rose 4.3%, and is now trading at $2,318. This is the second highest rise in the category.

The biggest increase was 4.5% from Lido Staked Ether (STETH)It has now reached $2,319.

Others Dogecoin (DOGE) With 4%, it rose to $0.1068.

The smallest increase among the top ten was 0.3% from TRON (TRX)at a price of 0.2833 $.

Furthermore, out of the top 100 stocks in the market, 95 stocks rose in value today.

Four of these funds saw double-digit increases, being the highest Hyperliquid (HYPE) It’s 22.6% to $37.

Others Kinetiq Staked HYPE (KHYPE)an increase of 22.4% to $37.

On the other hand, the only two currencies that recorded a drop of more than 1% are Monero (XMR) andZECACH. They fell 5.6% and 4.7% to $374 and $288, respectively.

At the same time, legislation to create a digital currency market in the United States failed to pass the US Senate, of course No agreement was reached Regarding allowing exchanges to offer returns or rewards on stablecoins.

Monday’s conference saw groups of cryptocurrency companies, exchange representatives and Wall Street banks gather to discuss the issue.

According to sources familiar with the matter, US officials want the students to reach an agreement on the return of the stablecoin by the end of this month.

Many thanks to the representatives of crypto companies and banks who participated in today’s conference on stablecoin rewards and yields. The discussion was stimulating, fact-based, and, most importantly, action-oriented.

Over the past few months, we have been…

— Patrick Witt (@patrickjwitt) February 2, 2026

Determine the limits that can be lowered

The January 2026 U.S. farm payrolls report, due to be released on Friday, has been delayed due to a partial suspension by the U.S. government.

Experts disagree Bitunix Bad data on the farm and the weakness of the production industry also affect the risk factors: “The market has entered an area where risk avoidance and reduction of energy are mutually exclusive.”

Nick Forrester, founder of the Options Platform, also commented on the tool Derive.xyzon “the biggest fall that digital currency markets have seen in the last few days.”

A combination of low costs, profit taking and widespread withdrawals appear to be driving sales. This caused the volatility of Bitcoin to rise by 50% from 30% on Thursday to 45%.

At the same time, BTC skew fell from -2% to -8%, before starting to recover modestly to -4%, which is “a clear sign that traders are rushing to the bottom protection,” according to Forrester.

He adds: “Many economic worries are increasing the risk of crypto-currencies. Concerns about the overheating of the technology sector, which was shown by the 10% decline of Microsoft last week, and the constant volatility due to the interest generated by artificial intelligence, are weighing heavily on the risk factors.”

“Options markets are starting to realize the potential limits,” says Forster. Based on recent entries and open interest, Bitcoin support is making around $70,000.

In the past 24 hours, they bought a lot of high-value products at $ 78,000 to $ 74,000 to close on February 27. “The open interest at this time shows a known prison between $ 70,000 and $ 75,000, indicating where traders expect another drop.”

Short term fear dominates the market psyche. Short-term volatility outperforms long-term volatility, reflecting “short-term uncertainty,” according to Forrester.

He continues: “The key point is that, while short-term volatility is higher than in history, long-term volatility remains relatively stable. This suggests that markets are expecting uncertainty to end over a 60-day period rather than continuing in an orderly fashion.”

Levels and events that need to be monitored later

At the time of writing on Tuesday morning, Bitcoin was trading at $78,533. It started the day at a low of $76,364 before slowly rising to a daily high of $79,130. It’s gone down a bit since then, but now it’s trading very horizontally.

The seven-day low is now below 11%. The stock moved between $75,442 and $90,117 during this period.

If Bitcoin returns from $76,000, it can rise to $79,550, looking for $80,700. This will open the door to recovery to $85,000. Instead, a drop below $74,300 will pull the price down to $70,000.

According to the source Bitunix“Prices are currently fluctuating within the range, and the area around $80,000 is acting as a difficult structural resistance that may indicate the return of capital risk. On the downside, the $75,000 level represents an important area of ​​support, showing the absorption of the market in the middle of the continuation of the gains to reduce the reduction. It begins to show resilience and structural diversity.”

Source: TradingView

At the same time, Ethereum was trading at $2,318. It rose from a daily low of $2,224 to $2,387. Like Bitcoin, Ethereum has been trading sideways since morning (UTC), and it will be interesting to see where it goes from here.

Over the past week, Ethereum has fallen by 21%. They sold between $2,196 and $3,034. This is a variation of the amount and time specified.

The currency is about to fall below the level of $ 2,000, and this can happen if the downtrends return. However, if Ethereum can maintain the area of ​​$2,350, it can return to $2,530, $2,670, and $2,750.

In addition, the sentiment of the cryptocurrency market also dropped, albeit slightly, pushing it into a more fearful zone.

An index of fear and greed represents cryptocurrencies On the 17th todaycompared to 18 on Sunday/Monday and 26 on Saturday.

The warning is understandable, and fear is growing among market participants. We may see a slight lift after the most recent rally in the overall market, but even that may depend on whether the market can stay green long enough to affect the index.

Source: CoinMarketCap

Bitcoin ETFs Turn Green, Ethereum ETFs Stay in the Red

After four days of outflows, US Bitcoin ETFs closed the session on Monday with positive entries $561.89 million. Therefore, the total flow was able to remain above $55 billion, rising to $55.57 billion.

Of the twelve ETFs, eight posted impressive results. We are getting you Loyalty On top of that, it earned $153.35 million.

Source: SoSoValue

Others BlackRock In the amount of 141.99 million dollars andBitwise That’s a total of $96.5 million.

However, US Ethereum ETFs continued to lose for the third day in a row. They lost $ 2.86 million on February 2. The net flow remained unchanged, remaining at $ 11.97 billion.

Of the nine Ethereum ETFs, one saw an exit with three recorded entries. I signed up BlackRock Revenues totaled $82.11 million.

Source: SoSoValue

He immediately accepted Loyalty Entry of $66.62 million, followed by VanEck At a cost of $ 7.64 million andBitwise Priced at $4.99 million. The total outflows from the three funds were not enough to overcome the single fund that recorded outflows.

At the same time, Offered by German bank ING Deutschland Access to securities linked to cryptocurrency exchanges for retail customers. This allows customers to identify Bitcoin, Ethereum, and Solana through its secure platform.

Commodities are ETNs that are backed by underlying assets, including… 21 Sections andBitwise andVanEck.

Germany’s largest shopping mall

Released access to @Bitwise_Europe crypto ETPS!https://t.co/XDzw7PzBDH pic.twitter.com/IiwrZgykMN

— Hunter Horsley (@HHorsley) February 2, 2026

Quick Questions

1. Did cryptocurrencies move with stocks today?

The digital currency market recorded an increase in the last 24 hours. The US stock market also opened the week with a strong increase. At the end of trading on Monday, February 2, the index rose The value of the S&P500 With 0.54%, the index rose Nasdaq-100 and 0.73%, and the index rose Dow Jones Industrial Average and 1.05 %.

2. Is this ride sustainable?

At this point it is doubtful that the market will continue to see large consecutive increases in the short term. We may see further declines, unless the market finds and continues to defend the solid green fundamentals that allow for a long-term rally.

A note Why did digital currency go up today? – February 3, 2026 appeared for the first time Cryptonews Arabic.

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