The cryptocurrency market continues to exhibit significant volatility: the industry’s capitalization has decreased by 2.5% over the past day, now standing at $2.57 trillion. The price of Bitcoin remains above $76,000, although a recent drop below this level triggered a wave of liquidations amounting to nearly $800 million.
This is reported by Business • Media
Major Losses for Traders and Dynamics of Key Assets
In the last 24 hours, the total amount of liquidations for traders in the futures market reached $796.12 million. Long position holders lost $597.55 million, while traders with short positions faced losses of $198.58 million. In total, over 200,000 market participants incurred losses. The largest liquidation volumes were for Bitcoin ($265.51 million) and Ethereum ($292.98 million).
“According to CoinMarketCap, on February 2, 2026, the cryptocurrency market capitalization fell by 2.5% and currently stands at $2.57 trillion, while the daily liquidation volume reached nearly $800 million. Bitcoin is trading above $76,000, whereas its drop below this value the day before caused liquidations of $2.6 billion.”
Other major cryptocurrencies also experienced losses. Specifically, Ethereum declined by more than 8%, but remains above $2200. As of now, Bitcoin’s market dominance stands at 59.96%, according to TradingView.
The fear level in the cryptocurrency market has sharply increased — the fear and greed index has dropped to 15 points, indicating panic among investors. Over the course of a day, this indicator fell by nine points.
Impact on Other Markets and External Factors
The correction has affected not only the cryptocurrency segment. Precious metal prices have also decreased: gold has fallen to $4400, while silver is now at $71. For comparison, in October 2025, the gold market capitalization exceeded $30 trillion, and currently, the price of gold is $4635.
Stock markets have also been under pressure: shares of the technology company Meta Platforms lost about 3% of their value. Experts attribute the large-scale correction to a new partial government shutdown in the United States. The previous similar shutdown lasted for 43 days.
Significant influence on investment sentiment is also exerted by the escalation of political tensions between the United States and Iran, which increases uncertainty for global financial markets.