Why Crypto Is Down Today? ADA Founder Reveals $3 Billion Hit

February 6, 2026 14:43:54 UTC
Bitcoin Must Hold $65K to Stop Liquidation Spiral
The crypto market downturn deepened as leveraged positions from the 2025 rally continue to unwind, triggering fresh selling pressure. Investor sentiment has dropped to Extreme Fear (index 5). Analysts say Bitcoin stabilizing above $65,000 and falling liquidation volumes could signal early signs of market recovery.
February 6, 2026 14:31:01 UTC
February 6, 2026 14:31:01 UTC
Crypto Market Cap Drops to $2.29T as Investors Enter Extreme Fear Zone
The global cryptocurrency market remained under pressure, with total market capitalization falling to $2.29 trillion, down nearly 4% in the past 24 hours. Investor sentiment weakened sharply, as the Fear & Greed Index dropped to 5, signaling extreme fear in the market. Bitcoin traded near $67,880, while Ethereum hovered around $1,973.
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