Markets Reprice Fed Cuts as Crypto Outflows Persist and Gold Accumulation Accelerates (February 2, 2026)

According to CoinMarketCap data, the global cryptocurrency market cap now stands at $2.61T, down by 2.17% over the last 24 hours.

Bitcoin (BTC) traded between $74,604 and $79,221 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $77,342, down by -1.71%.

Most major cryptocurrencies by market cap are trading mixed. Market outperformers include AUCTION, QKC, and 1000CHEEMS, up by 17%, 12%, and 6%, respectively.

Crypto Market Watch – Today:

• Bank of England Expected to Maintain Interest Rates 

• Digital Asset Investment Products Experience Significant Outflows 

• Solana Tops All Blockchains in 7-Day Revenue and DEX Trading Volume 

• Alternative Inflation Data Signals Sharp Cooling in U.S. Prices, Raising Fed Cut Expectations 

• China, India, and Brazil Reduce U.S. Treasury Holdings, Boost Gold Reserves 

• UK Manufacturing PMI Reaches Highest Level Since August 2024 

• Barclays Predicts Stable U.S. Treasury Bond Issuance Through 2026 Fiscal Year 

• CLARITY Act Passes Senate Agriculture Committee Amidst Deepening Divisions 

• Gold and Silver Sell-Off Seen as Buying Opportunity Amid Market Dynamics 

• Key Economic Data and Events to Impact Global Markets This Week

Market movers:

ETH: $2279.77 (-5.54%)

BNB: $761.86 (-2.02%)

XRP: $1.6006 (-3.25%)

SOL: $102.55 (-2.38%)

TRX: $0.2843 (-0.84%)

DOGE: $0.10424 (-1.21%)

WLFI: $0.1265 (+2.85%)

BCH: $518.2 (-1.01%)

ADA: $0.291 (-1.49%)

WBTC: $77136.13 (-1.61%)